The economy is breaking. And no one’s ready.
806,000+ layoffs in 2025 so far.
48% of consumer credit applications denied over the past year.
Refinance rejection rate: 41.8%… the highest in 12+ years.
U3 Unemployment forecast: 4.5–5.0% by year-end, according to Apollo,…
— Amanda Goodall (@thejobchick) August 27, 2025
The unemployment numbers are already pure fiction and it’s just going to get worse from here. We’re sliding into recession and then depression inevitably. If all the Capex from the AI bubble hadn’t occurred, we’d already be there.