Another sign that the economy is cracking in the middle class. This is related to my prior post on the drop in HVAC sales. Normies are tapped out.
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21 sats \ 3 replies \ @Undisciplined 10h
Interesting
What else would we expect to see cracking, under this middleclass deferred maintenance and upkeep hypothesis?
I'm thinking routine automotive servicing, landscaping, and fencing.
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42 sats \ 2 replies \ @byzantine OP 9h
I think you'll see a few things : you'll see a decline a new car sales except for luxury brands. You'll see a decline across the board in products in technology like Apple, you'll see a decline in healthcare enrollment.
middle tier restaurant sales will decline Amazon spending will decline. people will forego insurance on their house or car if they think they can get away without having.
essentially everything except for food and a yearly vacation will be cut
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0 sats \ 1 reply \ @Undisciplined 8h
Why not vacation? That's usually one of the first casualties of a recession.
Health care enrollment is usually linked to employment, but I could easily see people passing on checkups to avoid paying the deductibles.
Postponing new technology and car purchases definitely fits the thesis perfectly.
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42 sats \ 0 replies \ @byzantine OP 8h
fancy vacations definitely get canceled but people still do local small trips to local scenic areas
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5 sats \ 0 replies \ @justin_shocknet 4h
Has nothing to do with the economy cracking...
Markets are efficient, gatekeeping your product in your own brick-and-mortar is inefficient
The fact that they expended unnecessary overhead in the form of their own stores, in a natural state of consolidation, is just fighting an unwinnable battle against entropy.
Cheap debt and distorted price signaling allowed inefficient business practices to carry on for too long, this is just nature healing.
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0 sats \ 0 replies \ @88b0c423eb 3h
fiat ponzi dying
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