Reply to Anyone else feel like the economy is about to crash and burn?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just saw a post on social media from a worker at Ford who expects to get laid off any day now. Apparently Ford is pulling back on EVs and their plant at Avon has been on indefinite hold.  Tech has been slashing jobs left and right.  Same for pharma/biotech. So many companies are now outsourcing tons of white collar jobs to India, China, and Eastern Europe where American office job labor can be replaced for a fraction of the cost.  I know outsourcing is not new,  it it seems like there is a new tidal wave of outsourcing occuring right now because American labor is simply too expensive.  We have layoffs and hiring freezes for virtually every sector of the economy now.  Add on to it a potential massive amounts of jobs that are going to be slashed in the federal govt and there is basically going to be no more consumer base left soon to buy stuff and keep the economy humming along.  We also have all do the uncertainty and inflation pressures due to the never ending trade and tarriff war escalation that is going to put a damper on the economy.  It all sums up to a grim outlook, imo.  And how exactly is the US going to combat a severe recession? They're blowing up our deficit by$4T more debt due to the proposed tax cuts.  Where's the money going to come from when they need to spend even more deficit to combat the recession?  Anyone else feel very bad about the economy and where we are headed?  I feel like the bottom is going to fall out soon due to all of the jobs losses, and the US is headed for a very bad recession.  [/quote]

Ford is in trouble because they followed Democrats' global warming religion and went all in on electric vehicles.[/quote]

So did Elon. But with the tariffs and consumer confidence going the way it is, things aren’t looking good, period. Ford is heavy into the very expensive pickup truck game, and we’ve probably hit a ceiling on who is going to buy a $75k truck right now. [/quote]

The pickup line is not the source of the billions of dollars in losses.  If Ford had stayed out of electric vehicles, the company would be in great financial health.  However, Biden passed the Inflation Reduction Act and pushed new mileage rules, which encouraged Ford execs to push for electric vehicles.  Toyota stayed out.[/quote]

Toyota is being forced into merger with Honda because it is no longer viable as a stand alone company. Want to try for a better example?[/quote]

It’s crazy how no one here sees what’s going on with BYD, XPEV and Xiaomi over seas. Like there is this tidal wave of low priced, high quality EVs being sold abroad that are completely fking TSLA and Ford and everyone’s values up and no in America even knows who they are. We are so insulated from world events, much by choice.[/quote]

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