If you only listened to Washington, you’d think the U.S. economy was a prizefighter—tired, maybe, but still standing strong. GDP? Still in the green. Unemployment? “Near record lows.” Inflation? “Cooling.” And the big one: the “soft landing” story—where the Fed claims we’ll tame inflation without a real recession. That’s the official narrative. But step outside the marble halls and into the grocery store, and the story changes fast. The truth? Millions of Americans are already living in what history will likely call a modern depression—even if the data hasn’t caught up yet. The Red Flags Are Everywhere 1. Bankruptcies Are Exploding Households: Consumer bankruptcies are climbing at a pace we haven’t seen since 2008. Families are tapped out—credit cards maxed,…
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