**US Economy Alert: 6 Warning Signs of a Looming Crisis ๐Ÿšจ**

1. **Banks on the Brink: 63 at Risk of Default ๐Ÿฆ**

The FDIC reports that 63 banks are close to default, raising fears of a potential banking crisis.

2. **$500 Billion in Paper Losses: Banks in Trouble ๐Ÿ“‰**

Banks are facing over $500 billion in paper losses, which threatens their financial stability and lending capability.

3. **GDP Growth Slows as Inflation Rises ๐Ÿ“Š**

The US economy is seeing slower GDP growth paired with rising inflation, a dangerous mix.

4. **Recession Fears: Over 50% of Americans Worried ๐Ÿค”**

More than half of Americans believe the country is already in a recession, reflecting a crisis of confidence.

5. **Mortgage Demand Plummets to 30-Year Low ๐Ÿ **

Mortgage demand has dropped to its lowest level in over 30 years, indicating a struggling housing market.

6. **Record Household Debt: $17.7 Trillion and Rising ๐Ÿ’ธ**

Household debt has soared to a record $17.7 trillion, posing a significant risk to financial stability.

**The Bottom Line:**

These six warning signs indicate that the US economy is facing major challenges. Staying informed and prepared for potential market fluctuations is crucial. ๐Ÿ“Š