Goldman Sachs is getting worried about the economy (www.nbcnews.com)

submitted 6 days ago by cm0002@lemmy.world to c/usa@midwest.social

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[-] Tempus_Fugit@midwest.social 7 points 5 days ago

A little late for this call if you ask me. Auto loan delinquency rates are currently at 5.1% and only predicted to get worse. Vehicle prices are way inflated, some say by up to 20%. Vacations to places like Las Vegas have cratered. Nobody I know is making big purchases anymore and folks are couponing like crazy.

[-] trainden 3 points 5 days ago

Well, yes, but only poors care about that. They are worried about the real economy: Wall Street

[-] redsand@lemmy.dbzer0.com 2 points 5 days ago

I saw a guy at a large retailer trying to sell a vacation package recently. 5 days at a resort in the Ozarks with a private cabin for $200 and a $100 VISA then he offered another $100 VISA. So it was free. Still no takers.

this post was submitted on 24 Jul 2025

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