Business and Economy

I think we're in an economic downturn when I see _______

By Adnaan Wasey

May 02, 2008, 05:07 AM

Economists have the gross domestic product, unemployment rate and consumer price index to tell them if we're in a downturn, recession or depression. But what's your personal economic index? The number of empty storefronts? The length of the line at Starbucks? And what does it tell you about the economy?

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#21 Posted by andrea, May 02, 12:16PM

I think we're in an economic downturn when i see all my friends selling their belongings on ebay just to get by, never mind paying the bills.

p.s. i love your show, but that incessant computer bleeping sound is REALLY starting to annoy me and "takes away" from my enjoyment of listening. The first few times I heard it I thought it was something in my apt., smoke alarm needing a battery etc. it's horrible - could be a deal breaker for me....

#22 Posted by john Veit, May 02, 01:48PM

public radio stations resort to chatty breakfast show formats with annoying Fox-like dings between stories. It's bad enough that I hear a constant barrage of advertisements on what used to be a public station — now I feel like I'm listening to the View on the radio, but worse. I suppose it is a sign of the times that the Takeaway was cooked up to grab the Ipod crowd. Your outreach will hopefully fail. Please take away the Takeaway.

John Veit

Rockaway Beach

#23 Posted by James, May 02, 10:37PM

When the subway musicians are really good, you know economic times are really bad.

#24 Posted by mae, May 03, 12:32AM

I think we're in an economic downturn when I see _______

recent engineering grads making movies and posting them on Youtube criticizing Milton Friedman and our foreign policy and supporting immigrants rights because they realize its not theforeigner it's our government and it's corporate friendly policy...and now they are effected and going to do something about it!

#25 Posted by mae, May 03, 12:34AM

when I see many churches begining to start advocating and preaching on social justice and solidarity among disparte groups within the lower and (vanishing) middle class.

#26 Posted by Dave, May 03, 06:32AM

I know we're in an economic downturn when I see Mike Bloomberg eating at a soup kitchen.

#27 Posted by Johnathan Grant, May 03, 06:55PM

I think we're in an economic downturn when I see that stores have endless clearance sales, and even then, merchandise doesn't seem to be moving. Most people I know plan to use the "stimulus" check to pay their bills.

Also - what's up with the labor underutilization? There is a significant group of "engineers flipping burgers" - that is, people who are qualified/educated but cannot get a decent job in their chosen field. These people are not counted as unemployed, but surely this is a negative weight on the economy as a whole.

Furthermore, another commenter posted, and I agree, that there is statistical manipulation going on in terms of the official unemployment numbers. After people are no longer claiming benefits, they're dropped, because it's assumed they no longer want a job, even if they do.

And - what is up with the "Birth/Death" model that is used to calculate unemployment? Is there any hard evidence to back it up? Or is it just political/statistical manipulation?

#28 Posted by REjo, May 03, 09:01PM

Fewer people coming to the Farmer's Market.

#29 Posted by John Hahn, May 05, 07:02AM

I have stopped buying bagels.

In Northern NJ bagels were $.45-$.55 now they are $.75 to $1.00 sans butter or a smeer.

No bagels for our houslhold

#30 Posted by Johnathan Grant, May 07, 01:56PM

I found a video that really demonstrates the economic downturn. It's by a hilarious vlogger I recently ran across on YouTube.

Once someone sets this to music - watch out! It will be a new hit single. :D

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