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Rural America Is On The Verge Of Collapse

Consumption

The Economic Innovation Group’s (EIG) Distressed Communities Index (DCI) shows a significant economic transformation (from two distinct periods: 2007-2011 and 2012-2016) that occurred since the financial crisis. The shift of human capital, job creation, and business formation to metropolitan areas reveals that rural America is teetering on the edge of collapse.

Since the crisis, the number of people living in prosperous zip codes expanded by 10.2 million, to a total of 86.5 million, an increase that was much greater than any other social class. Meanwhile, the number of Americans living in distressed zip codes decreased to 3.4 million, to a total of 50 million, the smallest shift of any other social class. This indicates that the geography of economic pain is in rural America.

“While the overall population in distressed zip codes declined, the number of rural Americans in that category increased by nearly 1 million between the two periods. Rural zip codes exhibited the most volatility and were by far the most likely to be downwardly mobile on the index, with 30 percent dropping into a lower quintile of prosperity—nearly twice the proportion of urban zip codes that fell into a lower quintile. Meanwhile, suburban communities registered the greatest stability, with 61 percent remaining in the same quintile over both periods. Urban zip codes were the most robust—least likely to decline and more likely than their suburban counterparts to rise,” the report said.

Visualizing the collapse: Economic distress was mostly centered in the Southeast, Rust Belt, and South Central. In Alabama, Arkansas, Mississippi, and West Virginia, at least one-third of the population were located in distressed zip codes.

Prosperous zip codes were the top beneficiaries of the jobs recovery since the financial crisis. All zip codes saw job declines during the recession, each laying off several million jobs from 2007 to 2010. But by 2016, prosperous zip codes had 3.6 million jobs surplus over 2007 levels, which was more than the bottom 80% of distressed zip codes combined. It took five years for prosperous zip codes to replace all jobs lost from the financial crisis; meanwhile, distressed zip codes will never recover.

EIG shows that less than 25% of all counties have recovered from business closures from the recession.

“US business formation has been dismal in both magnitude and distribution since the Great Recession. The country’s population is almost evenly split between counties that have fully replaced (with 161 million residents) and those that have not (with 157.4 million). This divide is due to the fact that highly populous counties—those with more than 500,000 residents—were far more likely to add businesses above and beyond 2007 levels than their smaller peers. Nearly three in every five large counties added businesses on net over the period, compared to only one in every five small one,” the report said.

To highlight the weak recovery and geographic unevenness of new business formation, EIG shows that the entire country had 52,800 more business establishments in 2016 than it did in 2007.

Five counties (Los Angeles, CA; Brooklyn, NY; Harris, TX (Houston); Queens, NY; and Miami-Dade, FL. ) had a combined 55,500 more businesses in 2016 than before the recession. Without those five counties, the US economy would not have recovered.

On top of deep structural changes in rural America, JPMorgan told clients last week that the entire agriculture complex is on the verge of disaster, with farmers in rural America caught in the crossfire of an escalating trade war.

“Overall, this is a perfect storm for US farmers,” JPMorgan analyst Ann Duignan warned investors.

Farmers are facing tremendous headwinds, including a worsening trade war, collapsing soybean exports to China, global oversupply conditions, and crop yield losses in the Midwest due to flooding. This all comes at a time when farmers are defaulting and missing payments at alarming rates, forcing regional banks to restructure and refinance existing loans.

Today’s downturn of rural America is no different than what happened in the 1920s, 1930s, and the early 1980s.

Zerohedge



110 Comments on "Rural America Is On The Verge Of Collapse"

  1. Davy on Sun, 26th May 2019 5:55 am 

    “Most of the views are only a few years old. You could even walk the streets where I live, if you knew where. Davy thinks he knows but follows false herrings. Lol”

    Well, makato, really I could give a shit where you are at. Who cares you are a dumb old man likely living in a shack near Infanta or Real. I say that because when you moved from Manila you told us you were going to Quezon near the coast. Were you lying? You also told us for years about your fantasy farm which you are never at.

  2. Davy on Sun, 26th May 2019 6:51 am 

    Sorry for losing my shit again everyone. I’m feeling extra emotionally disturbed this morning.

  3. Yoda on Sun, 26th May 2019 6:59 am 

    Fear leads to anger. Anger leads to hate. Hate leads to suffering.

    I sense much fear in you. Davy.

  4. JuanP on Sun, 26th May 2019 7:09 am 

    mindless juanpee postings

    Davy on Sun, 26th May 2019 6:51 am
    Sorry for losing my shit again everyone. I’m feeling extra emotionally disturbed this morning.

    Yoda on Sun, 26th May 2019 6:59 am
    Fear leads to anger. Anger leads to hate. Hate leads to suffering.

    I sense much fear in you. Davy.

  5. Davy on Sun, 26th May 2019 7:11 am 

    Hey y’all, is it really that obvious how emotionally upset I am?

  6. Y’all on Sun, 26th May 2019 7:12 am 

    Yes Davy. It really is that obvious.

  7. JuanP on Sun, 26th May 2019 7:24 am 

    mindless low IQ juanpee postings

    Davy on Sun, 26th May 2019 7:11 am

    Hey y’all, is it really that obvious how emotionally upset I am?

    Y’all on Sun, 26th May 2019 7:12 am

    Yes Davy. It really is that obvious.

  8. Davy is suffering from paranoid delusions on Sun, 26th May 2019 7:54 am 

    mindless low IQ Davy identity theft postings.

    Davy on Sun, 26th May 2019 7:09 am
    Davy on Sun, 26th May 2019 7:24 am

  9. JuanP on Sun, 26th May 2019 9:09 am 

    juanpee posting

    Davy is suffering from paranoid delusions on Sun, 26th May 2019 7:54 am

    mindless low IQ Davy identity theft postings.

    Davy on Sun, 26th May 2019 7:09 am
    Davy on Sun, 26th May 2019 7:24 am

  10. Davy on Sun, 26th May 2019 10:08 am 

    Sorry for being such a douche this morning everyone. The goat had a headache, and, well…you know how it goes. Hopefully the rest of the day goes better. I might even whip up one of my Real Green essays for you all, time permitting, to make up for my appalling behavior. I know how much you guys appreciate those.

    Again sorry, for being such a complete fuck nut. It will probably happen again.

  11. JuanP on Sun, 26th May 2019 10:56 am 

    Mindless low IQ juanpee posting

    Davy on Sun, 26th May 2019 10:08 am
    Sorry for being such a douche this morning everyone. The goat had a headache, and, well…you know how it goes. Hopefully the rest of the day goes better. I might even whip up one of my Real Green essays for you all, time permitting, to make up for my appalling behavior. I know how much you guys appreciate those.
    Again sorry, for being such a complete fuck nut. It will probably happen again

  12. Davy on Sun, 26th May 2019 11:50 am 

    I love my goat.

    https://m.youtube.com/watch?v=Mf6php0IRm8

    dumbasses

  13. Cloggie on Sun, 26th May 2019 11:58 am 

    Great link Davy. Did you make that video all by yourself? With your I-phone? Impressive work my friend.

  14. Robert Inget on Sun, 26th May 2019 12:40 pm 

    Check out this remarkable photo;

    https://www.businessinsider.com/starlink-video-netherlands-astronomer-spacex-satellites-2019-5

    Kinda makes a person proud to be human.

  15. Cloggie on Sun, 26th May 2019 12:43 pm 

    Trump and Kim buddy up, make fun of ‘Swampman Joe Bidan’:

    https://www.rt.com/news/460283-trump-swampman-biden-korea/

  16. Cloggie on Sun, 26th May 2019 1:23 pm 

    EU election results coming in:

    Losers:

    Christian-Democrats (EVP remains largest)
    Socialists

    Both together no longer have a majority.

    Winners:

    European Right
    Greens
    Liberals

    In France Marine le Pen has beaten Macron, unfortunately
    Likely massive victory Salvini in Italy (>30%)
    AfD “disappointing” 10.5%

    I myself didn’t vote as I was afraid that the Right would become too strong, but that didn’t happen. We don’t need a much stronger Right, since Fortress Europe is already a fact and that is all that matters. Too strong a Right encompasses the danger of the EU falling apart, as well as abolishing the renewable energy transition.

    The goal is to take over from America, not become a museum.

    Pro-Europe party EVP remains the strongest.

  17. JuanP on Sun, 26th May 2019 1:40 pm 

    mindless low IQ juanpee shit

    Davy on Sun, 26th May 2019 11:50 am
    I love my goat.
    https://m.youtube.com/watch?v=Mf6php0IRm8
    dumbasses

  18. Cloggie on Sun, 26th May 2019 1:41 pm 

    JuanP identity theft

    Cloggie on Sun, 26th May 2019 11:58 am
    Great link Davy. Did you make that video all by yourself? With your I-phone? Impressive work my friend.

  19. Davy on Sun, 26th May 2019 1:42 pm 

    “Kinda makes a person proud to be human.”

    WTF??

  20. Cloggie on Sun, 26th May 2019 2:15 pm 

    “my friend“

    There is only one here, throwing the expression “my friend” around.

    https://www.dailymail.co.uk/news/article-7072435/Yellow-Vest-violence-boils-Brussels-Europe-braces-rise-far-right.html#comments

    “Le Pen calls for ‘powerful’ far-right group in EU Parliament amid predictions of gains for fringe parties across Europe”

  21. I AM THE MOB on Sun, 26th May 2019 2:27 pm 

    Europe’s Mainstream Holds as Populists Fail to Break Through

    https://www.bloomberg.com/news/articles/2019-05-26/europe-s-mainstream-holds-as-populists-fail-to-break-through?utm_content=business&cmpid=socialflow-twitter-business&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic

    HAHA CLogg..The populist movement is over! Just a stupid fad..

    Now go get a job you fucking scum of society..

    HAHAHA

  22. Cloggie on Sun, 26th May 2019 2:52 pm 

    Last time I checked they won in Italy, France and, sort of, UK.

    So what are you whining about, mobby?
    We already have Fortress Europe in place, where the US is at merely 60% white, and below 20 years old in the minority. The US is gone, with borders wide open.

    We already won.

    https://russia-insider.com/en/you-think-europe-has-immigration-problem-look-us/ri27121

    https://documents1940.wordpress.com/2018/05/21/european-america-is-over/

    Now be uncle Clogg’s good lad and pump even more darkies in the US, to ensure that whitey is ready to abandon ship, straight in our loving arms.

  23. Cloggie on Sun, 26th May 2019 3:07 pm 

    https://russia-insider.com/en/world-ready-us-collapse-empire-hemorrhages-gold-oil-and-credibility/ri27028

    Dmitri Orlov – “World Ready for US Collapse as Empire Hemorrhages Gold, Oil and Credibility”

  24. I AM THE MOB on Sun, 26th May 2019 4:15 pm 

    Clogg

    Enough with your baseless racist scaremongering..

    Illegal immigration has dropped 80 percent, since it’s record high in 2000. -US Border Patrol
    https://www.scribd.com/document/375672329/CBP-Border-Security-Report-Fiscal-Year-2017

    More Mexicans are leaving the US than coming here — and it’s not because of deportation
    https://www.latimes.com/projects/la-me-a-dream-displaced-life-back-home/

    Arrests For Illegal Border Crossings Hit 46-Year Low
    https://www.npr.org/2017/12/05/568546381/arrests-for-illegal-border-crossings-hit-46-year-low?fbclid=IwAR0fyHaIoDGnuXVJIdWsY6EjZiG1xm122_H6-p3TxGQ4pV1tG3qTkyyNsf0

    You can keep peddling your Russian fake news all you want..Its not going to work..

  25. I AM THE MOB on Sun, 26th May 2019 5:07 pm 

    EU Populists Fall Short as Voters Swing Behind Greens, Liberals

    https://www.bloomberg.com/news/articles/2019-05-26/europe-s-mainstream-holds-as-populists-fail-to-break-through

  26. I AM THE MOB on Sun, 26th May 2019 5:39 pm 

    I hope Rural America totally collapses..Bunch of toothless crazy people..They deserve to suffer..

    HAHAA

  27. I AM THE MOB on Sun, 26th May 2019 6:06 pm 

    Proportion of people in Europe reporting to be ‘Very happy’ in 2018

    https://imgur.com/a/nZpzZGW

    notice all the populist countries are the mos miserable?

    haha

    i love watching europe collapse in real time

  28. Cloggie on Sun, 26th May 2019 8:31 pm 

    I hope Rural America totally collapses..Bunch of toothless crazy people..They deserve to suffer..

    HAHAA

    Nice little insight in the true nature of mobster’s tribe.

    Diagnosis: incurable satanic.

  29. Cloggie on Sun, 26th May 2019 8:56 pm 

    Britain votes again for Brexit, thank God. Now go already! Preferably soft, but if necessary hard.

    https://www.dailymail.co.uk/news/article-7072857/Counting-gets-underway-UK-Farage-boasts-hell-king-maker-Tory-leadership-battle.html

    “’Now leave… or else’: Victorious Farage threatens to unleash his Brexit party at General Election after Tories and Labour are humiliated in Euro vote after failure to deliver on result of referendum”

    Leave: 28
    Remain: 15+7=22

    Russia loves it:

    https://www.rt.com/news/460324-eu-elections-exit-polls/

    “EU elections over: Exit polls show surge for right-wing & green parties amid high turnout”

    Britain out of Europe, Russia in.
    Europe popular again. Voter turnout 50-60% rather than 43%. Apart from the UK, nobody wants to leave the EU. They question is: which Europe?

    Left: United States of Europe
    Right: Europe of the Fatherlands, incl. Russia.

    Anti-Russian sanctions probably soon abolished.
    Perhaps South Stream built after all.

    It was a good night for Europe!

  30. Cloggie on Sun, 26th May 2019 9:10 pm 

    SNP did better in Scotland than Brexit Party in England! Best Euro-result ever in Scotland:

    https://i.dailymail.co.uk/1s/2019/05/27/02/13998676-0-image-a-5_1558920532562.jpg

    New impetus for independence and European future for Scotland. In case of a devastating no-deal Brexit, Scotland is ours!

    And mobster loon is going to hand-over European America to us.

    Euro currency and European military bases in Heartland now! Hands off whitey or else!

  31. Cloggie on Mon, 27th May 2019 1:42 am 

    EU elections, the day after.

    LAB-CON got such a beating that they will fear this could be permanent:

    https://www.dailymail.co.uk/news/article-7073259/Were-getting-good-kicking-Labour-erupts-civil-war-Brexit.html

    “Corbyn hints he now WILL back a second referendum as Labour civil war breaks out after the party falls to THIRD behind Remainer Lib Dems in euro elections”

    This is the worst possible outcome (for Europe), because it entails the real risk that Brexit is going to be cancelled after all.

    https://www.dailymail.co.uk/news/article-7073909/Ukip-loses-MEPs-European-elections.html

    “Ukip loses ALL its MEPs: Leader and YouTuber candidate who said he ‘wouldn’t even rape’ Labour MP are among those defeated – as Nigel Farage’s former party slumps in his absence”

    White nationalism in the UK: doesn’t exist.

    https://www.dailymail.co.uk/news/article-7071935/Chancellor-Philip-Hammond-warns-Parliament-block-No-Deal-Brexit.html

    “Hammond leads Tory Remainer revolt over Boris’ No Deal threats: Chancellor warns Tory leadership candidates that ‘Parliament will block No Deal Brexit’ – and refuses to rule out backing a vote of confidence to stop UK crashing out”

    There are still a few calm minds left in Westminster, able to define the British interest. No-deal Brexit means: probably losing Scotland, possibly losing Norther Ireland, losing all major firms and an economy in a tail spin.

    But somehow this farce needs to be completed. The EU won’t renegotiate. Macron was right with his protest against a further extension and under no circumstance should the current deadline of October be further extended. The EU message should and probably will be: “sigh or get lost”.

    The loss of trade with the UK should and can be compensated by the EU making a full u-turn towards Russia and China (New Silk Road).

  32. I AM THE MOB on Mon, 27th May 2019 3:25 am 

    Clogg

    Christian rightwingers warn abortion fight could spark US civil war
    https://www.theguardian.com/world/2019/may/26/abortion-ban-rightwing-christian-figures-civil-war-predictions

  33. I AM THE MOB on Mon, 27th May 2019 4:27 am 

    Fun Fact:

    Jews make up .02 percent of the worlds population..Yet have won 22% of all the worlds Nobel prizes..

  34. Davy on Mon, 27th May 2019 5:20 am 

    “I hope Rural America totally collapses..Bunch of toothless crazy people..They deserve to suffer..”

    A dumbass like MOBster does not know where his food comes from.

  35. Hello on Mon, 27th May 2019 5:36 am 

    >> losing all major firms and an economy in a tail spin.

    Laughable statement. The non-EU states of europe are doing MUCH better economically than the “we’re scared in the dark” countries that try to get some of germany’s glory by just being part of the eu.

    Be brave, UK. It will be all fine. You don’t need overlords in brussels to decide for you if a cucumber needs to be straight or curved. Be free!

  36. Hello on Mon, 27th May 2019 5:40 am 

    >>> Illegal immigration has dropped 80 percent, since it’s record high in 2000. -US Border Patrol

    Maybe, but they make it up with legal immigration of negros, muzzies and south east asians. I prefer a mexican any day of the week over a negro.

  37. Hello on Mon, 27th May 2019 5:44 am 

    >>> We already have Fortress Europe in place

    not at all. Europe is lagging a couple of years behind the US in practically all bad decisions.

    And that is so amazing about europe. We SEE the US, we SEE the bad decisions, we COMPLAIN about the US, we think we’re BETTER than the US. And then we follow and blindly do the same shit. Isn’t that amazing?

    Hooray for Europe!

  38. I AM THE MOB on Mon, 27th May 2019 6:30 am 

    “A dumbass like MOBster does not know where his food comes from”

    Like so many Americans today, I eat mostly Chinese food.

  39. Davy on Mon, 27th May 2019 6:54 am 

    Fair enough MOB. I do quite a bit of my shopping at Walmart too.

  40. Davy on Mon, 27th May 2019 7:00 am 

    Rollbacks at Rolla are real popular with the locals here.

  41. Davy on Mon, 27th May 2019 8:30 am 

    “Like so many Americans today, I eat mostly Chinese food.”

    I bet you eat lots of shit food and look like shit. LOL

  42. JuanP on Mon, 27th May 2019 8:31 am 

    Mindless juanpee activity

    Davy on Mon, 27th May 2019 6:54 am
    Fair enough MOB. I do quite a bit of my shopping at Walmart too.
    Davy on Mon, 27th May 2019 7:00 am
    Rollbacks at Rolla are real popular with the locals here.

  43. Cloggie on Tue, 28th May 2019 12:57 pm 

    Fun Fact:

    Jews make up .02 percent of the worlds population..Yet have won 22% of all the worlds Nobel prizes..

    Most other prices are won by Europeans (worldwide).

    Jewish Nobel prize winners receive a pat on the back and a lot of dough from Europeans, who have set up the entire Nobel Prize framework. Not the other way around.

    Science and technology was create by Europeans since antiquity. We don;t need mobsters tribe for anything.

  44. I AM THE MOB on Tue, 28th May 2019 1:47 pm 

    Clogg

    The US produced more science papers annually than Europe..Dispite having half the population..

    You were the leader back 200 years ago..But we have taken over since then..

    And right wingers are too dumb for science..

  45. I AM THE MOB on Tue, 28th May 2019 1:48 pm 

    White people love eating cheese..

    MAYOCIDE!

  46. Cloggie on Tue, 28th May 2019 2:13 pm 

    You were the leader back 200 years ago..But we have taken over since then..

    Only for a few years more. China is about to take over, Eurasia will get rid of the dollar, reducing your gdp with 35-40% or 14T, half of that of the EU and half of that of China. One wonders how the jungle bunnies will react once the handouts will stop. On a positive note, empire dave volunteers to provide food for them.

    Forget about many scientific papers under those conditions.

  47. I AM THE MOB on Tue, 28th May 2019 2:44 pm 

    clogg

    your region is in such deep shit. you have make up some fantasy alliance with asia that doesnt exist..asia is history soon when the oil shortage comes..china has the worlds largest debt to gdp..

    the us will pick up the scraps like we did after ww2

  48. I AM THE MOB on Tue, 28th May 2019 3:06 pm 

    IEA rings alarm bell on phasing out nuclear energy

    IEA estimates that the 36 percent share of clean energy sources in global power supply in 2018 was the same as two decades ago because of the decline in nuclear.

    https://www.reuters.com/article/us-nuclearpower-iea/iea-rings-alarm-bell-on-phasing-out-nuclear-energy-idUSKCN1SX1XW

    Solar and wind haven’t changed anything in two decades..despite over a trillion dollars wasted..

    HAHAHAA

  49. Cloggie on Tue, 28th May 2019 3:38 pm 

    your region is in such deep shit.

    Only in your feverish mind.

    the us will pick up the scraps like we did after ww2

    Try to interpret this:

    http://tinyurl.com/ycatkdut

    https://deepresource.files.wordpress.com/2014/09/fall-empires.jpg?w=963&h=

    IMF-2018 GDP-PPP

    China 25T
    EU 22T
    USA 20T
    Russia 4T

    The US is split in the middle over race, a conflict that can only go away by splitting the country up.

    Gives us 100 million of your fashies and we will never bother you again.

    Result: China largest country: 25T

    White world still #1
    EU + Russia + (T)rump-USA = 22+4+7=33T

    Whitey won, kikey lost.

    ROFL

  50. Cloggie on Tue, 28th May 2019 3:59 pm 

    The best thing that could happen: a Gaullist replacing Juncker:

    https://www.bloomberg.com/news/articles/2019-05-28/brexit-negotiator-may-be-rewarded-with-top-job-as-momentum-gains

    “EU May Give Brexit Negotiator Barnier Top Job in French Push”

    Barnier has charisma, he efficiently sidelined Britain in the Brexit negotiations and of course, he is a classic Gaullist, who loves Russia more than the US.

    Newsnight yesterday, evaluating EU-elections:

    https://www.youtube.com/watch?v=5_jQCINoHGk

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