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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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[–] 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.