I was just in Walmart getting cereal. A guy in a General Mills shirt unloading boxes in the aisle asked a Walmart manager how sales were. Manager: “Down. I worked Sunday (yesterday) and the store was empty.” Cereal Man: “Everyone is saying that.” This recession is about to hit like a ton of bricks.
Yet Labor Day travel is expected to break records 🤷♀️
Many people have booked those travel arrangements well in advance, on their credit cards, and those are sunk costs When the GFC happened in 2008, the "staycations" occurred mostly in 2009-2010
To Canada looking for a place to live in the "Leader of the Free World"? 😜
Financed on a credit card. There are more people in this country living a mortgage lifestyle more than ever. Throw a rock in any direction & hit one, every time.
Escapism. One last hurrah.
Also going places doesn’t mean spending money/stimulating economy. We planned a trip last year for this Labor Day weekend. We will be shopping and dining out less than we normally would have. We are still going but cut out stuff we didn’t think we would miss.
My family went on vacation without me because I was too brown to feel safe traveling with them, and they brought food they had bought at Costco with them to eat at the air bnb they stayed in. Sorry vacation destinations, should have voted for Kamala if you wanted to maintain your business.
And their vote backfired spectacularly.
The news media says that about every holiday. How do they really know? Does someone count the cars on some road, count airline passengers. Sure people travel on holidays, but is every succeeding holiday “record travel”?
It sure seems like it lately. I think this was referring to airline travel tracked via TSA.
using the last of your credit line before shit hits the fan isn’t an unreasonable reaction to an unstable future 🤷🏻♀️
Yeah, as every competent economist warned, the moron's idiotic policies look to have succeeded in crashing the economy Btw - Did you have to show ID to buy that cereal?
I love living through 3 recessions because baby boomers are incapable of working hard and kicked the can of debt for their sex drugs and rock and roll to be something I would have to pay for. This is so fun, not owning a home because pedophiles need to have a 5th yacht. So much fucking winning
Oh it’s gonna be bad. I currently design kitchens and sell cabinets and countertops. Necessary luxuries - things that if you own a home you need to do at some point, but only in times of abundance. Finished top ten in July for performance in my region (~400 people). I didn’t bonus.
In other words, despite being top ten for a region for a massive corporation, I didn’t sell enough to bonus. That’s a terrible sign of what’s coming. While July is the slowest month in the industry, it’s never been THAT slow. And it’s not picking up. Orders are drastically smaller.
And the corpo is dropping prices below profitability to entice people, but it’s not working meaning we’re just taking pure losses with every sale. All that to say, shits gonna get really fucking dark. This looks and feels worse than 2007-2008 when everything just crashed.
I've definitely noticed fewer grocery shoppers in the past few weeks (I'm in there every other day 🙄). It also seems like people are staying home more. Idk. I just don't see as many people out and about lately.