chat

8450 readers

188 users here now

Chat is a text only community for casual conversation, please keep shitposting to the absolute minimum. This is intended to be a separate space from c/chapotraphouse or the daily megathread. Chat does this by being a long-form community where topics will remain from day to day unlike the megathread, and it is distinct from c/chapotraphouse in that we ask you to engage in this community in a genuine way. Please keep shitposting, bits, and irony to a minimum.

As with all communities posts need to abide by the code of conduct, additionally moderators will remove any posts or comments deemed to be inappropriate.

Thank you and happy chatting!

founded 4 years ago

MODERATORS

EmmaGoldman@hexbear.net

ZoomeristLeninist@hexbear.net

SexUnderSocialism@hexbear.net

Sulvy@hexbear.net

136

This economy looks like shit (hexbear.net)

submitted 1 week ago by Assian_Candor@hexbear.net to c/chat@hexbear.net

50 comments fedilink hide all child comments

Had a beer with a friend this weekend who works in car rentals. Says numbers are way down. Auto manufacturers don't want to sell cars to rental fleets because they're already having trouble moving inventory to new buyers and don't want a flood of late model second hand cars.

Clean energy, one of the few growth sectors in the US, was unceremoniously shot as part of BBB. They're cutting huge chunks from the government.

Inflation looks like shit. 12 pack of coke is 10 fucking dollars (who cares I'll keep drinking that garbage). My household has certainly pulled back as have many others. And tariffs haven't started to bite yet.

Housing markets are frozen in the south. saw a piece out there this morning that AI capital investment contributed more to GDP than consumer spending.

BLS numbers were so bad Trump shot the messenger. This is only the beginning as well, three and a half more years to go. And then we get Buttigieg I guess? There's no way out.

What are you folks seeing out there? Lets gather up our anecdata

you are viewing a single comment's thread
view the rest of the comments

[–] Assian_Candor@hexbear.net 66 points 1 week ago* (last edited 1 week ago) (2 children)

The setup is so fucking bleak I haven't felt this pessimistic since 2009

And I was just a wee lad with only myself to worry about

[–] SuperZutsuki@hexbear.net 61 points 1 week ago (1 children)

It really sucks shit to see the collapse so clearly and be unable to do anything about it. Like I'm strapped to a table and a circular saw is moving towards me at 1cm per day. I just see death and destruction in the future and nobody will give a shit until their specific treat stops flowing.

[–] Beaver@hexbear.net 46 points 1 week ago

I don't have the heart to tell my SO that I'm learning to garden in earnest because I'm worried about our long-term food security.

[–] kotak_doost@hexbear.net 52 points 1 week ago

At least inflation was low in 2009, so if you kept your job somehow you could keep your head above water. I graduated in 2009 so I decided to do a PhD to upskill until the job market improved. I was making barely any money during that time on my stipend but I could survive, I have no idea how anybody is doing that now when the cost of living so high.