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Joined 11 months ago
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Cake day: September 8th, 2025

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  • I have commented already how the American economy is very min-max right now - the people who have money in the markets have more cash than they ever had before, they have a lot to spend, and they are spending it on a luxurious lifestyle. They also appear to be blissfully unaware of how everyone else is living outside of that bubble, so to them, the “economy is great, never better”.

    However, I have also noticed serious cutbacks outside of that top 10-20% or so.

    I also think the economy never really recovered post-Covid. Commercial real estate is still in a deep depression because - although they tried to make “return to office” a thing - it was a mixed success and the bubble in CRE investment crashed with no survivors. Generally speaking, hiring has been good in only a few sectors - government, health care, education. The rest of the economy is pretty stagnant.

    In the markets, most of the gain in recent times is from AI stocks, with the rest of the corporate world also stagnant. And right now, short term interest rates - the bond market - is not keeping up with inflation either.

    We may not be in a recession but in my opinion the economy is majorly F’d up all the same.