“I work for a BIG company that makes chip making equipment. Our biggest customer may bbe TSMC as well as Intel....amongst others. Lots of uncertainty now in the chip/chip making industries. Fortunately, if layoffs come out way, I’m not too worried as I’m on the brink of retirement.... probably at year’s end.”
Probably a good plan.
Here is the Amazon article:
“Amazon Slides After Missing On Revenue, Guiding Below Estimates Despite Solid AWS Results”
If consumers aren’t buying from retail stores, and they aren’t buy from Amazon, then they are cutting back drastically and purchases nothing at all but essentials. In my area, a furniture store that had been in existence since the 70s just closed.
Several more local restaurants are closing as well. One was a pizza shop just on the edge of the college campus and two blocks from the main library. That was surprising since the college students are moving into their dorms this weekend so business was about to really pick up.
I've noticed furniture stores going belly up are a sign of bad times to come. Combine this with the Feds holding back the money supply and you have the recipe for recession.
Safeway is closing locations. Walgreens is closing thousands of its stores. Applebee’s, Macy’s and Reb Lobster are among the corporate companies closing stores across the United States in 2024. I compare this to the rumblings of a volcano before it blows. Blame the DemonKKKrats for setting the downturn in motion—on purpose!
In my area the increasing deaths of the boomers has opened up a glut of upscale second hand vintage furniture shops tht cater to the younger people. That and marketplace and craigslist are now furniture buying meccas.
Boomer retirements have also fuel the closing of a number of long term single and multi generation business in the area.
Boomers just didn’t have enough children.
In my area the increasing deaths of the boomers has opened up a glut of upscale second hand vintage furniture shops tht cater to the younger people. That and marketplace and craigslist are now furniture buying meccas.
Boomer retirements have also fuel the closing of a number of long term single and multi generation business in the area.
Boomers just didn’t have enough children.