US Economy's on Borrowed Time?

Added: 2026-05-18

[00:00:00]And we've seen this movie before, because in 2007, the media cheered about strong consumer spending right before it all came crashing down. And just like in 2007, the economy right now feels like it's running on borrowed time. But here's where it gets interesting, because the leading economic index, which is designed specifically to predict recessions, has declined for six consecutive months, which is the same pattern that we saw before the 2001 and 2008 recessions were officially declared. And the cracks in the economy aren't just in consumers' wallets.

[00:00:30]They're also spreading straight into the corporate world, because commercial bankruptcies have risen over 7% to over 24,000 filings, which is the highest level in over a decade. So, the companies that survived on cheap financing from the pandemic era are now feeling the squeeze of economic conditions tightening. But maybe this is all just one big coincidence. Maybe each indicator is just crying wolf. But then again, maybe it isn't.