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Originally posted by cowtown
]Sure, discretionary income and luxury goods can be used on a macro level to gauge the economy in part.
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That's what he was talking about.
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I wasn't arguing the economy is great, bad, or middling in my responses to Milt. I took issue with his use of one person's situation to gauge "the economy". It's just not valid economics.
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I believe he is using himself as an example because I think he believes the way he does because he's in an industry that isn't a "necessary".
I personally gauge unemployment by how many idiots apply for jobs. Not many idiots, unemployment is high....more idiots, unemployment is low. Initially had that verbalized to me by the Director of HR.
As you get older, and you can look back at trends throughout your career, you can see the patterns. IMO, there's something to this.....