State of Economy
Ever since my second start-up I’ve used a rough gauge of the percentage of trucks were on the road as a way to determine how the general economy was doing. Yesterday I took my mother-in-law back to her home in Chicago. I’m here to tell you that the economy is doing just fine. The per cent of trucks to cars on the Tri-State Tollway (I294) was enough to be noticeable and at times irritating.
Even more telling was the number of flat-beds moving steel and highly manufactured, industrial items. Of particular interest were the transportation of in-process and finished parts for large construction and mining equipment. Those are items that show commitments to long term investment. Someone out there is shelling out some big bucks and we’re providing the value added manufacturing. It might be due to the state of the Dollar or something else but, I haven’t seen that in several years.
My conclusion is that though the housing and autos are suffering at the moment heavy manufacturing and export seem to be doing just fine.
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POSTED IN: Finance, Mindset, Uncategorized
1 opinion for State of Economy
Anne Wayman
Sep 5, 2007 at 10:36 am
Well darn… maybe trucks explain why there are so many freelance writing jobs… and come to think of it on my few freeway ventures there do seem to be a lot of them recently.
A
http://www.thegoldenpencil.com
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