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
my job is being outsourced piece by piece to cheaper labor sources in other countries, and what isn’t being outsourced is being replaced by (very shitty) AI. everyone expects that in a month or so there won’t be any reason to keep us around anymore and they’ll drop the layoffs on us. the job market around here is so dry that I honestly expect I won’t find anything, so I’ll have to live on what I’ve saved for as long as I can and then just die, I guess?
it’s extremely fuckin grim out here y’all
This is also my current experience. My manager just confided to me that an entire department was laid off, and they’re being replaced by a smaller number of outsourced employees in a different country with much lower labor costs. They’re also really pushing for AI in the customer service department so they can lay off people at the call center too.
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