You ain’t seen nothing yet.
Just wait until February. Then the bottom will really fall out of the job market.
And if the current policies are continued, it will continue to get worse YOY.
Foreign investments are declining, and the dollar is weak, so inflation and job losses will continue.
I think that’s what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
Enjoy the things that are free, you may need to “consume” more of those things in the future.
I am not sure if its really that impactful but there are people boycotting the US.
I personally have:
deleted facebook account
deleted google account
deleted reddit account
canceled amazon prime and deleted account
(and I used to use these serviced A LOT).
And I don’t buy obvious US products anymore especially when there are simple alternatives, eg Coca-Cola, Pepsi, Pampers, etc
In fact for every bigger purchase I try to buy European.
Plus: many people who can avoid travelling to the USA are actively avoiding that, given the new plans for entry requirements. If everyone wanting to enter on a tourist visa will have to figuratively undress completely regarding their online and communication activities, nobody sane will go there for fun anymore.
Well done, keep it up. 👍
I already didn’t use any American services much except Steam, and although it is American, Steam has been fair and has done tremendous work for Linus, which helps independence from plethora of other American companies. So I’m still using Steam.
But I’m not buying a lot of American goods I used to like: Californian wine, Bourbon, Heinz (Kraft), Palmolive, Gillette, Coca Cola. Marabou (also Kraft), Some times when I’m in doubt I read the label, that’s not enough to detect a company like Marabou or cloth softeners that have local names and are made in France but owned by Palmolive, our replacement for that is Noora that made a Spanish company. Wife doesn’t want the cheap brands. 😋
In short I’m personally going to great lengths to avoid American brands even when they are made in Europe. If I can get a true European product or from another democracy than USA I go for that. We are keeping it up as long as USA is acting crazy, and I hope enough people are doing it to make it noticeable for American companies.
and the dollar is weak, so inflation and job losses will continue.
weaker dollar means there’s more jobs though, because while it’s more expensive for you to buy products abroad, it’s cheaper for foreigners to buy your products, so that stimulates exports, which stimulates production
Yes in principle, except USA has very low export of goods compared to the size of the economy.
So it will stimulate exports some. But despite the decline of the dollar happened already this year, the export of goods has declined anyway. Because Trump is a moron and has made everybody angry with USA.
The weak dollar has NOT increased exports, but together with tariffs it has caused inflation to be a higher than it otherwise would have been. And the weak dollar is caused by a lack of capital influx (investments) to USA, and less investments means fewer new jobs.
Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can’t afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.
But all in all it’s mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.
I predict the shit will hit the fan about March, give or take a month or so. High heating bills, skyrocketing insurance, and food prices coupled with a collapsing economy and loan defaults will drive the country into a deep depression. Not to mention the political shit-show that is deteriorating fast.
You ain’t seen nothing yet.
Just wait until February. Then the bottom will really fall out of the job market.
And if the current policies are continued, it will continue to get worse YOY.
Foreign investments are declining, and the dollar is weak, so inflation and job losses will continue.
I think that’s what they call stagflation. A combination of the worst of an overheated economy and an economy in recession.
Enjoy the things that are free, you may need to “consume” more of those things in the future.
I am not sure if its really that impactful but there are people boycotting the US.
I personally have: deleted facebook account deleted google account deleted reddit account canceled amazon prime and deleted account (and I used to use these serviced A LOT).
And I don’t buy obvious US products anymore especially when there are simple alternatives, eg Coca-Cola, Pepsi, Pampers, etc In fact for every bigger purchase I try to buy European.
I yet have to cancel Netflix and Disney though.
Plus: many people who can avoid travelling to the USA are actively avoiding that, given the new plans for entry requirements. If everyone wanting to enter on a tourist visa will have to figuratively undress completely regarding their online and communication activities, nobody sane will go there for fun anymore.
Well done, keep it up. 👍
I already didn’t use any American services much except Steam, and although it is American, Steam has been fair and has done tremendous work for Linus, which helps independence from plethora of other American companies. So I’m still using Steam.
But I’m not buying a lot of American goods I used to like: Californian wine, Bourbon, Heinz (Kraft), Palmolive, Gillette, Coca Cola. Marabou (also Kraft), Some times when I’m in doubt I read the label, that’s not enough to detect a company like Marabou or cloth softeners that have local names and are made in France but owned by Palmolive, our replacement for that is Noora that made a Spanish company. Wife doesn’t want the cheap brands. 😋
In short I’m personally going to great lengths to avoid American brands even when they are made in Europe. If I can get a true European product or from another democracy than USA I go for that. We are keeping it up as long as USA is acting crazy, and I hope enough people are doing it to make it noticeable for American companies.
weaker dollar means there’s more jobs though, because while it’s more expensive for you to buy products abroad, it’s cheaper for foreigners to buy your products, so that stimulates exports, which stimulates production
That means nothing when you’ve alienated all your trading partners, and your trading partners are boycotting the products you make.
Yes in principle, except USA has very low export of goods compared to the size of the economy.
So it will stimulate exports some. But despite the decline of the dollar happened already this year, the export of goods has declined anyway. Because Trump is a moron and has made everybody angry with USA.
The weak dollar has NOT increased exports, but together with tariffs it has caused inflation to be a higher than it otherwise would have been. And the weak dollar is caused by a lack of capital influx (investments) to USA, and less investments means fewer new jobs.
yeah i know, i was just pointing it out
Why February?
Because both January and February are traditionally slow months, but next year will be worse than normal. My guess is that there will be a lot of firing, in part because many businesses will be slow, and second because they can’t afford to hold people on for things to look up in in March/spring, and third because many probably will be skeptical that things will look up enough to keep people on anyway.
But all in all it’s mostly a gut feeling from 30 years in business, and although I am not American, I know business in USA is harsher regarding these things than what is normal in Europe.
I sadly laid off last December, when he was elected the writing was on the wall.
Yes, the warnings were pretty clear, project 2025 was well known.
I predict the shit will hit the fan about March, give or take a month or so. High heating bills, skyrocketing insurance, and food prices coupled with a collapsing economy and loan defaults will drive the country into a deep depression. Not to mention the political shit-show that is deteriorating fast.
I’m enjoying every free packet of ketchup I can still get. Some places are now starting to charge for cups of water or BBQ sauce packets.
I take packets of free mayo, ketchup, mustard, and hot sauce from the work cafeteria everyday. I haven’t bought those condiments in ages.