The Bubble Pops in Slow Motion - Recession Begins - John Rubino

Kerry Lutz and John Rubino break down the cracks appearing in the economy — and they aren’t small. Layoffs are rising, consumer debt is hitting record highs, and defaults are climbing. Even cardboard box demand is falling, a subtle signal that spending is slowing.Petroleum consumption is down, partially due to the rise of electric vehicles, which is also impacting jobs in energy sectors. Car prices remain sky-high, leaving many buyers on the sidelines. Across the board, the economy is showing stress.In Las Vegas, the focus on wealthy visitors has inflated prices for everyday services, leaving the city emptier than you might expect, even on weekends. Meanwhile, the Southwest faces a worsening water crisis, which could spark conflicts between urban areas and agriculture.Rubino and Lutz also explore the volatility in AI stocks, likening the scene to the dot-com bubble, and discuss the urgency of resolving the ongoing government shutdown. The takeaway is clear: the signs of a slowdown — and a potential recession — are everywhere.Find John here: https://Rubino.substack.comFind Kerry here :https://khlfsn.substack.com and here: https://inflation.cafeKerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. .Get your copy here: https://amzn.to/4kuC5p5 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit khlfsn.substack.com/subscribe