Crnr2Crnr Posted April 24 Share Posted April 24 https://www.businessinsider.com/recession-outlook-layoffs-job-market-economy-unemployment-rate-hard-landing-2024-4 Walmart store in Wisconsin closing, 100+ associates impacted https://www.wearegreenbay.com/news/local-news/walmart-store-in-wisconsin-closing-100-associates-impacted/ Guess it's time for them to get in line with the IT workers I reckon... Quote Link to comment Share on other sites More sharing options...
NaturallyAspirated Posted April 24 Share Posted April 24 Lots of cuts happening out there. Neal Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 24 Author Share Posted April 24 Over 300 Wisconsinites to be laid off after manufacturer opts to close facility https://www.wearegreenbay.com/news/local-news/over-300-wisconsinites-laid-off-after-manufacturer-opts-to-close-facility/ Quote Link to comment Share on other sites More sharing options...
hayward Posted April 24 Share Posted April 24 Yeah well, swipe some more credit cards when goods are overpriced Americans, you fucking fools. 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 24 Author Share Posted April 24 28 minutes ago, hayward said: Yeah well, swipe some more credit cards when goods are overpriced Americans, you fucking fools. there's a massive supply over-run people aren't discussing. Sunday I drove past a small implement dealer that must have had 100 small brand new Kubotas sitting on their lot. Idk who they plan to sell them to? Same with new cars/trucks, boats, sleds, etc, etc, etc. Between existing debt and current interest rates... Chickens may be coming home to roost. 1 Quote Link to comment Share on other sites More sharing options...
hayward Posted April 24 Share Posted April 24 1 hour ago, Crnr2Crnr said: there's a massive supply over-run people aren't discussing. Sunday I drove past a small implement dealer that must have had 100 small brand new Kubotas sitting on their lot. Idk who they plan to sell them to? Same with new cars/trucks, boats, sleds, etc, etc, etc. Between existing debt and current interest rates... Chickens may be coming home to roost. Friend of mine just said the same about an atv dealership near us. Another guy claims $200/square foot to build a ranch house. Quote Link to comment Share on other sites More sharing options...
racer254 Posted April 24 Share Posted April 24 1 hour ago, Crnr2Crnr said: there's a massive supply over-run people aren't discussing. Sunday I drove past a small implement dealer that must have had 100 small brand new Kubotas sitting on their lot. Idk who they plan to sell them to? Same with new cars/trucks, boats, sleds, etc, etc, etc. Between existing debt and current interest rates... Chickens may be coming home to roost. Can you elaborate? Is this something to do with student loan debt? Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted April 24 Share Posted April 24 Stay lean and keep your head on a swivel. Ain’t no politician gonna save this. I feel sorry for the weak and helpless. 1 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 24 Share Posted April 24 Brick and Morton stores are closing every day. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 24 Share Posted April 24 the job growth has been in shitty jobs for awhile now. decent high paying ones have been getting crushed through several industries. Honestly no idea how the economy has stayed this bouyant for so long. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted April 24 Platinum Contributing Member Share Posted April 24 1 hour ago, Mainecat said: Brick and Morton stores are closing every day. And it’s great amirite 2 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted April 24 Share Posted April 24 This is the longest in US history the yield curve has been inverted. Typically, interest rates are higher for longer terms, think a 36 month car loan vs an 84 month car loan. Recently, the 3 month yield has been higher than the 10 year yield. Any yield curve inversion is typically followed by a recession. The longer and deeper the inversion, the worse the recession. It's delusional to think we just have a soft landing and the economy never contracts. The plant closures, layoffs, and hiring freezes will continue. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted April 24 Share Posted April 24 1 hour ago, teamgreen02 said: This is the longest in US history the yield curve has been inverted. Typically, interest rates are higher for longer terms, think a 36 month car loan vs an 84 month car loan. Recently, the 3 month yield has been higher than the 10 year yield. Any yield curve inversion is typically followed by a recession. The longer and deeper the inversion, the worse the recession. It's delusional to think we just have a soft landing and the economy never contracts. The plant closures, layoffs, and hiring freezes will continue. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted April 24 Share Posted April 24 1 hour ago, teamgreen02 said: This is the longest in US history the yield curve has been inverted. Typically, interest rates are higher for longer terms, think a 36 month car loan vs an 84 month car loan. Recently, the 3 month yield has been higher than the 10 year yield. Any yield curve inversion is typically followed by a recession. The longer and deeper the inversion, the worse the recession. It's delusional to think we just have a soft landing and the economy never contracts. The plant closures, layoffs, and hiring freezes will continue. Deflation is just around the corner. It’s going to be very very ugly. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted April 24 Share Posted April 24 3 hours ago, ActionfigureJoe said: Stay lean and keep your head on a swivel. Ain’t no politician gonna save this. I feel sorry for the weak and helpless. You also forgot dumb, you know, the ones up to their eyeballs in debt............."I deserve it"! Amazing how all those debt riddled fools believe they deserve so much more than they really do. Now they get to find out the hard way. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted April 25 Gold Member Share Posted April 25 6 hours ago, Crnr2Crnr said: there's a massive supply over-run people aren't discussing. Sunday I drove past a small implement dealer that must have had 100 small brand new Kubotas sitting on their lot. Idk who they plan to sell them to? Same with new cars/trucks, boats, sleds, etc, etc, etc. Between existing debt and current interest rates... Chickens may be coming home to roost. Same here the Deere and kubota dealers I drive by few times a week the lots are packed full and seems like it’s the same stuff that’s been sitting there for months. Seeing some leftover sleds 3k off msrp not bad but not enough. There seems to be a shit load of sxs at one place I go by people finally figuring out 40k maybe a little insane for a sxs. 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 25 Author Share Posted April 25 5 hours ago, racer254 said: Can you elaborate? Is this something to do with student loan debt? No, but probably abortions. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 25 Author Share Posted April 25 15 minutes ago, 800renegaderider said: Same here the Deere and kubota dealers I drive by few times a week the lots are packed full and seems like it’s the same stuff that’s been sitting there for months. Seeing some leftover sleds 3k off msrp not bad but not enough. There seems to be a shit load of sxs at one place I go by people finally figuring out 40k maybe a little insane for a sxs. yup... hence the layoffs followed eventually by discounts and rebates the price of specific goods is catching up with the corporations step one, is layoffs and production cuts, then the rest falls in line well past due... still no hope for @ckf's made in Mexico Twinkies though. Quote Link to comment Share on other sites More sharing options...
hayward Posted April 25 Share Posted April 25 16 minutes ago, Crnr2Crnr said: well past due... still no hope for @ckf's made in Mexico Twinkies though. how 'bout drone parts..... Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 25 Author Share Posted April 25 14 minutes ago, hayward said: how 'bout drone parts..... nope, those are still top of the market... much like 08 Pro's Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted April 25 Share Posted April 25 2 hours ago, snoughnut said: You also forgot dumb, you know, the ones up to their eyeballs in debt............."I deserve it"! Amazing how all those debt riddled fools believe they deserve so much more than they really do. Now they get to find out the hard way. Some are just dumb and not overextended on credit. Low wages and incapable of moving up. Quote Link to comment Share on other sites More sharing options...
Voodoo Posted April 25 Share Posted April 25 13 hours ago, Crnr2Crnr said: there's a massive supply over-run people aren't discussing. Sunday I drove past a small implement dealer that must have had 100 small brand new Kubotas sitting on their lot. Idk who they plan to sell them to? Same with new cars/trucks, boats, sleds, etc, etc, etc. Between existing debt and current interest rates... Chickens may be coming home to roost. See the same here. Add in rv's and trailers. Worst part IMO, is government spending in the last few years has much to blame for it and now we find ourselves powerless to control the inevitable. The piggy bank is empty and the ability to stimulate the markets isn't there. We are on track, to next year pay roughly %15 of our federal tax in interest alone, or 55 Billion dollars. I put that figure at roughly $3000 per taxpayer. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 25 Author Share Posted April 25 CNH moving production to Mexico... https://www.wpr.org/news/case-tractor-factory-farm-equipment-manufacturer-layoffs-mexico The job cuts are part of the company’s broader plan to move jobs to Mexico as a cost-savings move that comes after recent stock buybacks and strong corporate profits. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted April 25 Author Share Posted April 25 'Delayed' Mass Layoffs Spell Bad News for US Economy—Analyst https://www.newsweek.com/delayed-mass-layoffs-spell-bad-news-us-economy-analyst-1892805 there's a storm brewing... long time coming. batten the hatches. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 25 Share Posted April 25 You're fucked Karen. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.