- Joined
- Sep 30, 2005
- Messages
- 18,264
- Reaction score
- 6,649
- Location
- Utah
- Gender
- Male
- Political Leaning
- Moderate
Actually, my friend, they ALL do. Unemployment is a lagging indicator. Recessions always start before the unemployment rate rises by any major amount and they always end before the unemployment rate drops by any major amount. Always. Just like the stock market is a forward indicator, unemployment is a backward one.
Well, the Dow at 14,000 is a different story. And people never stopped shopping. They buy less. They trade down. But they never stop. Good economic news always boosts consumer sentiment. That, in turn, boosts spending. That eventually leads to increased GDP and then VIOLA, unemployment drops.
the spelling is voila, not viola....:2razz:
Yes, unemployment may be a lagging indicator instead of a leading indicator, that only means we have to wait a bit longer to have more evidence that the recession is actually over...
I dabble in old car parts quite a bit, making more than a few bucks on ebay and craigslist selling that kind of stuff.
In the last year, I have sold next to nothing. To clean out my inventory, I have sold stuff for just the cost of shipping, basically giving it away.
People are shopping for the same necessities they always have.
Shopping for non-essentials is way down, even with deep discounts.