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by fzeroracer 207 days ago
We're at a record number of subprime borrowers falling behind on car loans, which historically is a really bad economical sign, consumer sentiment is at an all time low and the labor market isn't looking great either. Anecdotally, prices have risen sharply and people are getting sharply priced out of basic necessities due to rising costs.
2 comments

Can you please share a link with the data?
The subprime loan data can be seen here [1] and consumer sentiment here [2]. Job losses are much harder to estimate given that the current admin is actively refusing to post job numbers (for perhaps, obvious reasons) but we've seen other sites estimate that we're seeing record layoffs [3]. And that's before we get into stuff like tariff policy or the hidden costs of throwing a lot of government employees into unemployment.

[1] https://www.reuters.com/business/autos-transportation/record...

[2] https://www.sca.isr.umich.edu

[3] https://www.cbsnews.com/video/october-marks-worst-layoffs-22...

The last financial crisis was 2008. Are you saying there was a tech bubble in 2008? The economy can do bad in lots of sectors while others are gaining traction.