The U.S. government released July Retail Sales data showing a 0.6% contraction—the steepest monthly spending drop in over a year—missing every single economist forecast on Wall Street. In today's Wall
No one predicted the credit default swaps crash in 2008. Lots of regular people, though, were wondering how real estate prices keep going up, but wages are flat? It made no sense then, and it makes no sense today.
I got a recent windfall. My big splurge? Got the 20 year old car fixed and paid off my student loans. The rest went into savings. I’m not interested in spending money on garbage products.
I'm not buying anything I don't need. I CAN afford it, but I refuse.
I'm done playing this game where corporations get all the benefits, all of the money, all of the labor, all of our time while not being held accountable in any fashion. They don't even pay us a living wage. They get tax breaks that we don't. We have to pay for the infrastructure that they use. No. Consumerism and pirate equity and publicly owned corporations are now my sworn enemy.
My forecast has almost been 99% correct. Everything that can go wrong will go wrong. It's started, but no one will be able to pretend it's not their problem. This is an economic collapse, it's absolute annihilation.
People living in the RW (the ones pulling back on spending due to spiking costs) would not be at all surprised. Analysts are in their bubble in the top part of the "K" that Bessent claims does not exist.
People are tapped out Mark. Now more are struggling just to get by.
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I'm done playing this game where corporations get all the benefits, all of the money, all of the labor, all of our time while not being held accountable in any fashion. They don't even pay us a living wage. They get tax breaks that we don't. We have to pay for the infrastructure that they use. No. Consumerism and pirate equity and publicly owned corporations are now my sworn enemy.
It is a killer if you have teenage boys
who are always hungary.