We're headed for an economic slowdown

[bill718]

Thoughts From an Independent

Disclaimer: This has nothing to do with partisan politics.

Economic recessions and slowdowns are a normal part of the American economic cycle, and right now we're staring another one in the face. Today, AI is beginning to replace employees at an increasing rate, laid off government workers are flooding a shrinking job market, and the interest on America's national debt is now bigger than its total defense budget.

This situation has been brewing for several years now, so you folks might want to think about some belt tightening and budgeting. i.e. cut out your trips to the latte shop, restaurants, vacation trips, pay off those credit cards, sell off your unneeded household items, and start stockpiling cash. It's unclear how deep this downturn will go, but they normally last 2-4 years, (and economic downturns do not care which side of the partisan fence you're on)

So, buckle up buttercups, it's going to be a rocky ride for awhile.

How will Artificial Intelligence Affect Jobs 2026-2030 | Nexford University

You would have been living under a rock if you did not know how artificial intelligence is set to affect jobs in 2026-2030. AI like ChatGPT seems to be stealing all of the headlines at the moment, Google unveiled new AI software to build presentations, analyze and enter data, and write content...

www.nexford.edu

Thousands of laid-off government workers are flooding a shrinking job market | Fortune

Thousands of private government consultants laid off during the Trump administration’s cost-cutting crusade are increasingly flooding a shrinking labor market.

fortune.com

CBO: Federal Interest Payments Now Exceed Defense Spending

According to the Congressional Budget Office, in 2024 the U.S. will pass a grim and once-unimaginable milestone. By 2034, the federal debt will exceed $50 trillion.

www.forbes.com

 

[wamose]

Also keep an eye on our congressional assholes. If they can't cut their idiotic spending, our goose is cooked.

 

[Dekster]

Thoughts From an Independent

Disclaimer: This has nothing to do with partisan politics.

Economic recessions and slowdowns are a normal part of the American economic cycle, and right now we're staring another one in the face. Today, AI is beginning to replace employees at an increasing rate, laid off government workers are flooding a shrinking job market, and the interest on America's national debt is now bigger than its total defense budget.

This situation has been brewing for several years now, so you folks might want to think about some belt tightening and budgeting. i.e. cut out your trips to the latte shop, restaurants, vacation trips, pay off those credit cards, sell off your unneeded household items, and start stockpiling cash. It's unclear how deep this downturn will go, but they normally last 2-4 years, (and economic downturns do not care which side of the partisan fence you're on)

So, buckle up buttercups, it's going to be a rocky ride for awhile.

How will Artificial Intelligence Affect Jobs 2026-2030 | Nexford University

You would have been living under a rock if you did not know how artificial intelligence is set to affect jobs in 2026-2030. AI like ChatGPT seems to be stealing all of the headlines at the moment, Google unveiled new AI software to build presentations, analyze and enter data, and write content...

www.nexford.edu

Thousands of laid-off government workers are flooding a shrinking job market | Fortune

Thousands of private government consultants laid off during the Trump administration’s cost-cutting crusade are increasingly flooding a shrinking labor market.

fortune.com

CBO: Federal Interest Payments Now Exceed Defense Spending

According to the Congressional Budget Office, in 2024 the U.S. will pass a grim and once-unimaginable milestone. By 2034, the federal debt will exceed $50 trillion.

www.forbes.com

AI shouldn't lead to an economic slowdown---it should lead to a boom which is why companies are investing in it. I mean it will suck for some in the way the TV & typewriter repair jobs went bust but that is the destructive side of innovation.

 

[1srelluc]

Meh, we are always headed for something. When someone can't quite put their finger on it they hedge their bets with "slowdown".

Steven Moore put it best:

“We should always note that we don’t know what will happen in the future. The economy might indeed crash, or it might boom.” But be skeptical when anyone seems a little too eager to declare the economy a disaster".