Practical Economics: Dogs, Cats, & Shoes

Economic indicators in unlikely places

Friday, August 07, 2009

Unemployment numbers are due out this morning and economic analyst Lakshman Achuthan, Managing Director of the Economic Cycle Research Institute, joins us with his predictions. In April, Lakshman predicted that we’d be coming out of the recession this summer. We wanted to road test some of your ideas, so The Takeaway's Femi Oke went looking in unusual places for indications on how the economy is doing. First stop: the ASPCA in New York City, where the rates of pet adoptions tend to follow people's economic well-being. Could the dogs here give us a peek at which direction the economy is going?

Next stop: Wall Street, but not to visit the banks. Instead, Femi spoke with cobbler Minas Polychronakis, who for over 30 years has been repairing shoes for rich and poor alike.

Guests:

Lakshman Achuthan

Hosted by:

Amy Holmes

Contributors:

David J Fazekas, Adam Hirsch and Femi Oke

Comments [1]

RJ

I'll believe the economy is improving when the discouraged and underemployed numbers go down. Oh but wait--no one reports those on a regular basis, so there's nothing to compare to. Oh well--so much for those who have had to give up looking for work. Why worry about them when we're starting to consume more?

Aug. 07 2009 09:21 AM

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