It’s almost like the boom bust cycle is on purpose, and the people in charge right now are recklessly cutting things and applying tariffs like they’re candy.I wonder what happened last time that was a thing somewhere around 1929ish?
Having seen the fruits of prosperity brought by technological progress, many shared Hoover’s optimism, and the already bullish stock market climbed even higher on Hoover’s accession.[162] This optimism concealed several threats to sustained U.S. economic growth, including a persistent farm crisis, a saturation of consumer goods like automobiles, and growing income inequality.[163] Most dangerous of all to the economy was excessive speculation that had raised stock prices far beyond their value
From Herbert Hoovers Wikipedia page. Sound familiar?
Maybe only education, healthcare, law, and military that seems somehow safe now.
Education hasnt been safe for decades because it pays miserably and burns out tons of workers.
You know, reading the article, I think we’re just fucking headed for a depression at this point.
History rhymes, but it doesn’t repeat. Yet, it rhymes quite fucking well. 100 years ago a Republican led US did dumb fuck tariff maneuvers and caused a depression.
We might not have a dust bowl, but we’ll have weird climate shit. We might not have “slums”, but we’ll have tent cities. We might not have WW1, but we might have WW3.
Construction, manufacturing, and other related industries are already experiencing rapidly slowing demand. Tarrifs and the Iran war made a huge dent there. As soon as the “big shot” investors finally realize that they’re going to get nothing more from the AI craze, they’re going to bail and the collapse will be fast and furious.
Edit: I hope that doesn’t actually happen but the outlook is not great.
Vital living infrastructure isn’t going anywhere: stuff like plumbing or electrical construction, repair and maintenance, whether on a single family home scale, apartments, hotels, or municipal.
healthcare
Lots of rural healthcare systems in the US have been circling the drain for years at this point so YMMV.
Military is too unstable with the frequent government shutdowns. You would have to be part of something that is mission critical avoid inconsistencies.
Also agriculture if you’re in an area that’s (formerly) been too cold and/or dry for it.
