this post was submitted on 04 Aug 2025
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This economy looks like shit (hexbear.net)
submitted 1 week ago by Assian_Candor@hexbear.net to c/chat@hexbear.net
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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

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[–] semioticbreakdown@hexbear.net 26 points 1 week ago

yeah tech is fucked, Covid just delayed it. And it sounds shocking because AI is the new hotness and the only thing keeping the economy afloat, and it really exposes that it's smoke and mirrors that doesn't produce real jobs or products.