this post was submitted on 04 Aug 2025
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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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[–] Assian_Candor@hexbear.net 51 points 5 days ago* (last edited 5 days ago) (2 children)

Impact still hasn't been felt yet fully imo. I think Q1 saw a lot of panic ordering as folks sought to lock in capital spend before the tariff impact. I know in renewables we front loaded a lot of spend to try to secure safe harbor but that was taken away in BBB. Without that I think the Q1 numbers would have looked much worse.

Our entire development pipeline has been obliterated post 2028. Feels like AI is the only growth sector and maybe not the best ground to build a sound economic foundation on.

Read on reddit-logo that 7 firms accounted for 40% of s&p value and now are worth 20% of global equity lmao. WSJ with an interesting piece this morning about how we are basically pouring our entire productive capacity into building data centers

Most efficient system folks

[–] Beaver@hexbear.net 32 points 5 days ago* (last edited 5 days ago)

Feels like AI is the only growth sector and maybe not the best ground to build a sound economic foundation on.

WSJ with an interesting piece this morning about how we are basically pouring our entire productive capacity into building data centers

In the handful of interviews I've had these past months, the hiring managers have very excitedly talked about how their products get used by AI data centers (even if tangentially). In one of them, I pointedly asked what their plan was if the bottom fell out of the AI market, and I got a very hem-haw answer.

It's frightening how much the commanders of capital are betting the farm on AI being as transformational as the hype artists are claiming it's going to be. This is getting way beyond the territory of even the late 90s tech boom.

[–] WrongOnTheInternet@hexbear.net 28 points 5 days ago (1 children)

7 firms accounted for 40% of s&p value

Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla for others reading

[–] Assian_Candor@hexbear.net 24 points 5 days ago (1 children)

It rules that fucking Tesla is now too big to fail just absolute idiocy

[–] WrongOnTheInternet@hexbear.net 17 points 5 days ago

A price to earnings ratio of 160 is totally normal and fine