After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?
I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.
I have heard from others about rents not being paid, lack of jobs, etc.
Every day, there’s more news of corporate layoffs, moreso than usual.
I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?
Scotland. Fucked. The terrifying thing I realised recently is how I can see the sharp decline in living standards pre-and-post covid. If we dont get a grip of it we’re backsliding toward Dickensian levels of poverty and deprivation.
Other thing I noticed recently - how most of our short-term problems can be linked to that cunt Trump. Iran war, tariffs, Ukraine etc. I say this to highlight to the Americans in the room that your political choices have implications far beyond your own borders. Theres fuck all I can do about him, but plenty you can do.
Hey the American progressives are trying but we’re not even our own party because of our two party system. Not to be a dick but I think other countries hold more power than Americans at keeping a senile dementia riddled Cheeto fuck in check. His congress and court aren’t.