If the US economy would collapse, this would happen quickly. No one would predict it.
The surprise factor is one of the causes of the collapse itself.
Symptoms of imminent failure are difficult for most people to see.
Finally, the US economy almost collapsed on September 16, 2008.
Reserve Primary Fund “broke the money” day - the value of the fund's stocks dropped below $ 1 per share.
Investors withdrew from billions of money market accounts where businesses hold cash to finance daily transactions.
If the withdrawals continued even for a week, and if the Fed and the US government had not taken steps to support the financial sector, the whole economy might have stopped.
Trucks would stop rolling, markets would run out of food, and businesses would be forced to close.
That's how close the U.S. economy came to a real collapse—and how vulnerable it is to another one.
Will the US Economy Collapse?
The size of the US economy makes it flexible.
Even the scariest events are unlikely to cause a collapse.
When necessary, the government can act quickly to avoid a complete collapse.
For example, the Federal Reserve may use the contractionary monetary instruments to tame hyperinflation or work with the Treasury to provide liquidity, as in the 2008 financial crisis.
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