What Are Your Recession Indicators?
Earlier today, The Ticker noted McDonald's is laughing at the ongoing recession, thanks to its lower prices and ability to stay one step ahead of consumer desires.
As such, the burger king's performance is a big indicator of how the recession is directly impacting people.
But each of us notice other indicators in our daily lives. Such as:
- A woman who gets her hair done every two weeks now, instead of every week.
- A colleague who has to get his tennis racket restrung at a certain tennis store because many of the others have gone out of business.
- Arriving at a store you routinely patronize only to find it closed because it has cut back its hours.
- And there are the so-called "counter-cyclical" indicators. For instance, chocolate-makers report sales are up. In bad times, it seems, people eat more chocolate.
What are some of the changes you have made and noticed as this recession -- now in its 14th month -- drags on?
Tell us in the comments section at the bottom of this posting, and we'll round them up and publish them later.
February 9, 2009; 12:51 PM ET
Categories: The Ticker | Tags: contraction, recession, unemployment
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