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To: Sam Sara who wrote (81562)3/17/2001 5:08:14 PM
From: Sam Sara  Read Replies (5) | Respond to of 436258
 
Economic indicators are lagging indicators.

This is a anecdotal, but I am curious whether others have had the same experience:

I live in the Washington DC area, and commute on the "beltway" every day. This is the circular artery that is crucial to the local economy.

As the economy expanded over the last 3 years, traffic increased. Last fall, the post-summer increase in traffic was muted. In the last 5 months, my commute has gotten noticeably easier, reflecting less traffic on the roads.

To me, this means less economic activity- fewer meetings, fewer sales calls, fewer "underground economy" jobs.

Has anyone else made this observation, esp. in other geographic regions?

This type of observation can be a "real-time" indicator. Sometimes anecdotal information can be quite useful.