Despite all of the government’s TV ads stating the contrary, we are still in the throes of an economic downturn. The provincial government is still in a hiring freeze, businesses still have trouble finding credit, and the Canadian dollar is still at par with the US. Take any market chart you like and the numbers will likely be negative.
It’s easy to get depressed about figures like these, but I find myself more fascinated by so called “Uncommon” economic indicators surveyed by NPR in Washington State (Link). In this survey, they had people fill in the following sentence: Indicators for me that the economy is getting better or worse is when I see or hear ____ (blank). From 1200 responses they came up with things like the weight of container ships in ports, or the length of lines at Starbucks. After doing some thinking, I’ve come up with a couple of indicators of my own.
-Crowds at dollar and thrift stores
-Home depot setting up bleachers to seat all of their applicants (Many of whom are older adults in suits)
-Seeing the same set of commercials on television over and over again
Has anyone else noticed uncommon economic indicators? If you can think of any, I’d love to hear about them in the comments.