Many economists rely on economic indicators to predict consumer spending and the health of the wealth of a nation. Using such data they can predict economic trends, business cycles and industry movement. It is amazing all the data available out there and all the different methods that are considered mainstream economic theory. Yet so often we fail to see the most obvious trends. For instance simple things like non-profit carwash fundraiser donations above ticket prices or the volume of cars pulling in with drivers freely willing to donate for a good cause. Additionally one of the best economic indicators I have seen is the average garage sale earning in middle class neighborhoods.
In fact garage sale economics is a very valuable indicator, but the hotshot academia Professors at the University Level is completely blind to anything that obvious. The number of garage sales is an indicator of tapped out consumers, the number of shoppers is as well. But the earnings at the average garage sale in middle class suburbs is an ominous indicator for downward business cycle trends and even future retail Christmas Sales.
Those who hide behind numbers and do not look at obvious things such as the garage sale economic indicators are fooling themselves. In fact these indicators seem to jive with retail purchasing for Christmas Season, credit card maximum credit limits rising and truck tonnage which dove one-percent in only a month. Dear economists, please take off your blind folds and see the reality, fore if you attempt to create a new reality which is so far a miss with such truisms you will all look like fools sooner than you think.
Lance Winslow - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs/ |
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