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This economy looks like shit (hexbear.net)

submitted 6 days 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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[–] Crikeste@hexbear.net 21 points 6 days ago (2 children)

I can’t give you any hot shot market data, but I can say:

I’m a person who, generally, likes to spend my money. I like ‘things’. It’s a part of who I am. But, I’ve noticed over the past 10 months, that my spending has gonna down to only buying the things I absolutely need. And even still, I’m finding myself with barely enough to reach the next pay day, if that.

[–] llama@lemmy.zip 14 points 5 days ago (1 children)

And even if you did wanna spend money on things, what would there be to buy? Everything is the same as it was five or even ten years ago.

[–] Crikeste@hexbear.net 11 points 5 days ago

I’ll admit, the ‘things’ I like to spend my money on are largely collectibles or things of that nature. Hot Wheels, for instance. So there’s pretty much always “new” stuff out there, but I just have flat out not been buying anything like that.

But I do get what you mean. I have a computer that’s 8 years old and it can do pretty much whatever I need it to.

[–] EldenRingBedTime@hexbear.net 7 points 5 days ago (1 children)

We don't take kindly to thing-likers here.

[–] Crikeste@hexbear.net 3 points 5 days ago

lmfao Funnily enough, back on my .ee account, I actually made a post (I think in Chapo) asking about whether or not my Hot Wheels/collectible hobbies is antithetical to the communist in me.

I wonder if I could find it or if it even still exists since that server got nuked.