Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.
Americans have depleted their excess savings and are now depleting their credit lines as well. The percentage with delinquent credit card debt is approaching the peak at the end of the dotcom bubble.
High borrowing and low personal savings are dashing hopes of an economic soft landing
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Is the economy just a Weekend at Bernie's situation now?
personally I don't hink there was ever any recovery after the 07-08 collapse and the feds have been at best shuffling numbers around to make it look like things aren't going to hell
Over on facebook I'm being served lots of discussions about why Furiosa is doing poorly in the box office "It's because racist antisemite grandpa isn't in it!" "It's because woke!" "It's because people are sick of girl power!" but in between the mewling chuds is a simple, common thread; Folks can't afford to go to the movies.
personally I don't hink there was ever any recovery after the 07-08 collapse
Folks can't afford to go to the movies.
YES! Just really glad to see someone say these things. They're my first thought whenever i see anything articles about the "economy" or why movies (that they spend 2x to 3x more money making) aren't making enough money.
Which is wild because 75% of the top 50 of the highest grossing films of all time came out in the last decade. It's almost like the current ultra budget movie production cycle is unsustainable.
That’s more to do with ticket prices than ticket sales, IMO. Number of tickets may be up, but not as a function of population increase and globalization
The last time I went to the movies with my wife it was deadass $50 for a large drink and large popcorn. I haven’t been to the movies since.
The 08 crisis truly never went away. You can't just wipe out that much equity accumulated over decades and expect it to bounce back by 2019 enough for you to say "this is all covid's fault now." It has had ups and downs but the overall trend since the subprime collapse has been decline.
I totally agree. Even the more privileged folks in my sphere are avoiding going out, a complete failure of the bourgeoisie to uphold the social contract of what they call "the middle class." It'll be interesting how that continues to evolve
I almost went and saw furiosa today but it was going to be ~$35 just to sit down so I said nah.
You're generally correct, but to be fair I think "going to the movies" is also dying because theatres suck and you can just watch everything at home like a week later.
I disagree about theaters sucking. Corporate theaters suck but there's some good independent 1-2 screen ones around me that I love.
Yeah. Theatres can be baller, but once the prices went from a few dollars when a few dollars was a lot of money, and society started fragmenting, spending a couple of bucks to do something fun with your friends in the evening the value proposition charged drastically.
And being in a large crowd anywhere in burgerland means risk of getting shot. Or catching
CovidBird Flu... Can't blame people for becoming hermits 🤷♂️
It costs way too much money to go to the movies! For two people, with small popcorn and a small drink (20oz soda or bottle of water) came out to $60... it's not worth it at all
Dw Nvidia stock will save us. The sign of a healthy economy is when one stock goes up a lot
pretty much
I guess the question is how long can they keep pulling levers until it finally collapses?
Seems like they made an art of kicking the can down the road. Hard to say how long they can keep this going, but the longer it goes the harder the crash will be.