Comment by cryo32
1 day ago
Literally revenue is collapsing in most sectors. Technology purchasing is declining. Service models are failing to turn a reasonable ROI.
People stopped buying shit.
1 day ago
Literally revenue is collapsing in most sectors. Technology purchasing is declining. Service models are failing to turn a reasonable ROI.
People stopped buying shit.
Wait do you have any numbers to back this up? Every number that I've seen contradicts this. Most sectors have positive revenue growth, even non tech sectors. Technology purchasing is increasing in every bucket (software, IT services, devices, communications, and of course DCs). Retail and food-service sales are up MoM and YoY. Personal consumption is up 0.2% in real terms. I assume by service models you're just talking about AI? I actually may agree with you but this is clearly not true for long if it is true today.
I'm reminded of that [terrifying in hind-sight] Newt Gingrich interview in which he was more concerned about his constituents feelings about things getting worse than any silly statistics provided by government agencies.
https://www.youtube.com/watch?v=xnhJWusyj4I