ECONOMIC COLLAPSE WARNING SIGNS ARE GETTING BAD | The Kyle Kulinski Show

Summary

Kyle Kulinski argues that several indicators point to worsening economic distress in the United States and warns that household pressures could culminate in a broader crisis.

Housing

Citing Redfin and Unusual Whales, Kulinski says mortgage applications are down about 60% from their pandemic peak, buyer demand has fallen to levels last seen in 1995, mortgage rates are above 7%, and September home sales hit a record low. He also highlights a record share of home-sale agreements being canceled and compares current conditions unfavorably with the 2008–2012 housing crisis.

Electricity and Data Centers

Kulinski says residential electricity prices rose 11% between January 2025 and August 2026 and were 40% higher than in the same period in 2019. He attributes some of the pressure to energy-hungry AI data centers, citing sharply higher wholesale prices in areas with substantial data-center activity.

He argues that data centers also raise concerns about pollution and job displacement, and calls for a moratorium.

Cost of Living

Kulinski cites substantial increases in food, rent, groceries, vehicle repairs, and other services since December 2019. He also lists rises in the costs of fuel, air travel, electricity, and hospital services since January 2025.

His broader point is that wages have not kept pace: he says average wage growth was 5.5% over the period, while essential expenses rose faster.

Auto Debt

Kulinski cites a Reuters report warning of pressure in the $1.7 trillion auto-loan market. He notes that car-loan delinquencies are at their highest level since 2010 and argues that trouble paying for cars is especially concerning because people often prioritize car payments until they have exhausted other options.

He also points to the record-high average age of vehicles on the road—nearly 13 years.

Political Response

Kulinski criticizes President Trump for focusing on personal and symbolic projects while, in his view, people struggle to pay their bills. He also links the economic risks to energy-market disruption, including the Strait of Hormuz situation, and warns that pressures could soon worsen.

Other Topics Previewed

The show’s introduction previews discussion of young men’s declining interest in Joe Rogan and MAGA, Trump’s associates and sexual-abuse allegations, and John Fetterman’s relationship with the Democratic Party. These subjects are not developed in the provided subtitles.

People Mentioned

• Presenter: Kyle Kulinski
• Other people mentioned: Tim Miller is announced as a guest on a separate Krystal Kyle & Friends program; Krystal Ball is also mentioned in the show’s promotion.