Global Depression 2022 - Time to do the Breadline Boogaloo!

[Ancient Pioneer]

@Rei is Shit. over the weekend I found a chart on FRED which aligns with what I was saying the other day. So even though total debt has risen steeply, it isn't outpacing total income, and by this measure we are back to around pre-Covid levels. In fact, over the past 10 years this number is lower than it had been historically, as far back as FRED's numbers go.

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Granted, since this chart measures "debt payments" not "total debt", it's possible people are simply paying less and kicking the can down the road. But at least it indicates a (hopefully) sustainable situation. I'm still looking for good sources on total debt and total income, but everything is "seasonally-adjusted" and I'm trying to find non-adjusted numbers if possible.

I don't like these charts you've been posting because they're ones that have to be contextualized to make sense. The conditions of the 1980s, 1990s and 2ks are far different from today, the percentage of paycheck to pay rent has largely gone up since the 1980s for sure, and the amount of homeowners has gone down, meaning that you're missing that group that has a hot water heater go to shit and require a sum of money to be thrown onto a credit card. Just because credit card as percentage of weekly paycheck has gone down doesn't directly mean the economic fortunes of people are better, 10% payments towards a credit card monthly could be absolutely crushing because rent is now 40% compared to the 1980s where it was 20%.

 

[GunCar Gary]

there's a cooking goody box i'm signed up for and there's always a cookbook included. instead of a nicely formatted cookbook with recipes that are becoming of the middle-class demographic for this box, this newest box has a budget recipe cookbook. it is not nicely formatted, with only about half of the entries even having pictures. each recipe takes up its own page and there's tons of white space at the bottom since quite a few recipes are just mixing a bunch of ingredients together. it's obviously a lower quality book than i usually get and it looks like this was thrown together in a hurry

i'm not sure if they fucked up something with their usual cookbook, or this is the product of some diversity hire, or if maybe the economy is getting so bad that even people that can afford to subscribe to a cooking goody box and are interested in cooking have requested a cookbook that has cheap, fast, easy meals

 

[Kuritan Deplorable]

But hey, pay might be lower, but the cost of living is lower too, and you might even be able to live outside of a bug hive.

This is a good thing for everyone. Not dragging them out of the bug hive, but preventing the programmer and business analyst autists who leech their way through the san fran ladder from becoming the measuring point by which the financial elite are identified. So many industries have just gone batshit retarded because they're trying to appeal to these idiots, and it fiscally succeeds - The autistic programmer with no friends will gladly spend insane amounts of money on vinyl figures of his favorite marvel characters. The business analyst girl who's wine drunk at 2pm after posting her workday on instagram and getting depressed at the mockery spends that ridiculous paycheck on similarly absurd things, and distorts shit further.

The market economy doesn't have a real good way of handling idiots with piles of money, and silicon valley tends to accumulate a lot of people who are idiots in all spaces except a very narrow tech sector skillset.

i'm not sure if they fucked up something with their usual cookbook, or this is the product of some diversity hire, or if maybe the economy is getting so bad that even people that can afford to subscribe to a cooking goody box and are interested in cooking have requested a cookbook that has cheap, fast, easy meals

Most of these subscription box services are venture capital backed, chasing the success of the first ones. They put way more money into them than they make back, chasing growth and aiming to be profitable at scale. Now that the venture capital is injured and retreating from a bad economy, most of these services have started struggling hard to replace the missing cash, and its showing.

 

[Rome's rightful successor]

 

[HTTP Error 404]

https://youtube.com/watch?v=mg8UMjQ6MDU

I have no idea who this is but I already know he has the sides of his heads shaved but the top of head is a curly unkempt mess.

 

[Rei is Shit.]

Totally not a recession, just a manufacturing PMI at the same level as the covid panic, 2008 GFC and 911 recession.

 

[Rome's rightful successor]

 

[moocow]

https://youtube.com/watch?v=Zbs38YsYLCs

Mother of god this windbag takes a long fucking time (and sponsored messages) to say very little. Spoiler: "probably sometime next year." Clickbait garbage.

Also, "if you want to put yourself in a better position in 2024-2025, make smart decisions now!" No mention of what those decisions are of course. Just another pitch for his shitty credit service.

 

[Jump]

The official government jobless numbers are completely disconnected from reality now.
The new thing the government numbers have to say is that there are tons of open jobs Americans don't want to do so we need to keep them borders wide open.

The problem is their lies are intersecting other lies and they are causing a death spiral when it comes to whats going on in reality. They want these good reports they can hold up come election time but the more they fudge the more its going to cause the fed to push the stick forward on a plane that's already in a nose dive.

 

[NoReturn]

What are your experiences talking to normies about this stuff?

When I talk about the collapse, or the competency crisis, or Birmingham going bankrupt, normies either shrug it off as not a big deal, ignore it, or deny it outright ("if it were true it would be all over the news.").

Lots of blaming, lots of demoralized "there's nothing we can do about it", and even some "I wish things would hit the fan but we all know they won't."

 

[Darkholme's Dungeon]

I just want to say:
I am seeing deflation in China of export goods. Food and housing (somewhere with a job) is inflationary spiral though. About 1/3-1/2 storefronts are empty and have "For rent/sale" signs.
Lots of export orders canceled out here. Seeing some legitimate (non-Chinese market) clothing that aren't Q/A overuns selling for $2000 go for like 1000 RMB ($130 USD). $200 Oaklies being sold for about $2 here.

Meanwhile costs still going upwards in the USA. Fuck this clown world.

 

[NyQuilninja]

Sure is a lot of empty stores

Commercial real estate is in trouble, and turbulence in the $15 trillion market is threatening to bleed over into the broader financial system just as the U.S. struggles to emerge from a recession.

The longer the pandemic paralyzes hotels, retailers and office buildings, the more difficult it is for property owners to meet their mortgage payments — raising the specter of widespread downgrades, defaults and eventual foreclosures. As companies like J.C. Penney, Neiman Marcus and Pier 1 file for bankruptcy, retail properties are losing major tenants with no clear plan to replace them, while hotels are running below 50 percent occupancy.

Ranking U.S. Cities by Empty Office Space​

At the end of the first quarter of 2023, a record 963 million square feet of office space was unoccupied in America. An estimated five to 10 office towers are at risk of defaulting each month according to Manus Clancy, senior managing director at Trepp.

Here are cities ranked by their total square feet of office vacancy as of Q1 2023. Figures include central business districts and suburban

Empty shelves in America: U.S. retailers lost over $82 billion in 2021​

https://nielseniq.com/global/en/insights/analysis/2022/empty-shelves-in-america-u-s-retailers-lost-over-82-billion-in-2021/

https://www.visualcapitalist.com/visualizing-1-billion-square-feet-of-empty-office-space/#:~:text=Ranking%20U.S.%20Cities%20by%20Empty,space%20was%20unoccupied%20in%20America.

https://www.politico.com/news/2020/10/18/next-economic-crisis-empty-retail-space-429994

 

[Stasi]

I've witnessed the biggest sign yet of an economic downturn. My corporate employer has started putting cheap low quality tp in the office toilets. It's erverr

 

[Sneed's Feed And Seed]

I've witnessed the biggest sign yet of an economic downturn. My corporate employer has started putting cheap low quality tp in the office toilets. It's erverr

Legitimately a war crime, I'll call the Hague.

 

[Alex Hogendorp]

Going to Gull Lake in Alberta. I noticed in the recent few years that water level is very low and now I am wondering if this is a ploy for the next world economic forum's plan of artificial water shortages.

 

[The Ghost of Kviv]

Going to Gull Lake in Alberta. I noticed in the recent few years that water level is very low and now I am wondering if this is a ploy for the next world economic forum's plan of artificial water shortages.

It's a natural cycle, tied to sun activity. The douchebags of the world will certainly use that as an opportunity to suck more money. Remember those two things, and you'll prevent yourself from getting suckered into the propaganda.

 

[Jonah Hill poster]

Sure is a lot of empty stores

https://nielseniq.com/global/en/insights/analysis/2022/empty-shelves-in-america-u-s-retailers-lost-over-82-billion-in-2021/

https://www.visualcapitalist.com/visualizing-1-billion-square-feet-of-empty-office-space/#:~:text=Ranking%20U.S.%20Cities%20by%20Empty,space%20was%20unoccupied%20in%20America.

https://www.politico.com/news/2020/10/18/next-economic-crisis-empty-retail-space-429994

Honestly, between reading and hearing stories about smash and grabs, locking up shampoo counters because of smash and grabs and still learning about empty shelves in stores where groceries are getting slightly more expensive, it just boggles the mind that the policies in mind really make people that living during inflation is a good thing.

No good consumer prices ≠ good food and products to come home and use to

 

[NyQuilninja]

Honestly, between reading and hearing stories about smash and grabs, locking up shampoo counters because of smash and grabs and still learning about empty shelves in stores where groceries are getting slightly more expensive, it just boggles the mind that the policies in mind really make people that living during inflation is a good thing.

No good consumer prices ≠ good food and products to come home and use to

I think most people have realized that we're in some kind of economic downturn they just either haven't figured out what it is or just how bad it is

 

[HTTP Error 404]

I think most people have realized that we're in some kind of economic downturn they just either haven't figured out what it is or just how bad it is

It's like the TP craze right as the Scamdemic started -- once the normies get it in their minds that it is bad, their reaction will MAKE it bad.

So far the media is using every gaslighting trick in the book to delay this reaction. The wall of silence will fail, however, and when it does things will get real shitty real quick.

They're just hoping they can push that off to happen on someone else's (ideally Meatball's) dime.

 

[The Gene Genie]

Going to Gull Lake in Alberta. I noticed in the recent few years that water level is very low and now I am wondering if this is a ploy for the next world economic forum's plan of artificial water shortages.

I don't know much of Alberta or Canada but the aquifers and water sources in America, particularly the Southwest and in the Prairie States, are being drained rapidly. Unsustainable agriculture and the natural cycle (the Southwest, for instance, has had its water resources collapse before) have made the whole place a powderkeg.