WSJ and reality on the ground

[DRumsfeld2000]

http://online.wsj.com/article/SB1000...787354492.html

[CanuckinTX]

Re: WSJ and reality on the ground

Good find, I always wondered the same thing when I heard people say "everyone is eating out now so things must be good". Another good one is "the planes are always full", but no mention of how much capacity had been cut from the industry.

[don]

Re: WSJ and reality on the ground

Good find, I always wondered the same thing when I heard people say "everyone is eating out now so things must be good". Another good one is "the planes are always full", but no mention of how much capacity had been cut from the industry.

ships



planes

and we know about trains . . .

[lektrode]

Re: WSJ and reality on the ground

this sez it all:

What I'd like to see are a few more tangible signs of economic revival like, say, stores that have been boarded up for the last two years suddenly reopening for business, or people being able to sell their houses without taking a 60% haircut, or kids whose parents paid $150,000 to send them to college being able to find jobs. Not internships. Not volunteer work or para-something. Actual jobs.


It is always dangerous to base assumptions about the state of the economy on anecdotal information, but in my experience, anecdotal information trumps government statistics any day of the week. I live in a typical small town, with the typical mix of businesses and a typical citizenry. My town is still reeling.

+1
anecdotally-speaking, the .gov inflation stats 'seem completely believeable' too...

altho HNL seems to have stopped sinking, the outer islands are still goin down, but have noted the deals for hotel/car look perty cheap for next month - over here in SLC, anecdotal evidence suggests the slow grind down is continuing, despite the opening just the other day of the latest shopping 'destination' downtown being hysterically hyped by every media outlet, would be surprised if every dollar in sales isnt being cannabalized from existing merchants - and it will no doubt take quite a bit of action from the recently buffed-out trolley square development

and on an otherwise purrrfect fryday, the parking lot at brighton was only 1/2 filled, few on the trails skiing.

the real test will be a revisit of the cheesecake factory that we tried to get a table at a few weeks back when here last - couldnt get near the joint, will be very interesting so see what happens this time