strange indicators to know economy is bad - page 3.

Bananington

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Quote from: BIT-BENDER on November 27, 2023, 12:38:35 PM

Really funny and interesting but why are you looking strange indicators like those which isn't complete and accurate measure of the economic state of any country. Where I am from we aren't the cinema freaks and you can actually use the cinema turn up to judge the nation's economy rather the most accurate indicators are.
+ The state of our currency
+ Our fuel price
+ The state of our transportation system (spike or drop in transportation price)
+ Medical services and definitely the amount of citizens Trying to leave the country.

Well said, but I don't think citizens trying to leave the country is all because of the bad economy, although it might be contributory from a broader perspective. It might be for other reasons as includes, medical trip/tour, attending conventions or participation in events in another country.
Still, gas prices becomes high, the currency may loose some value as well even in forex and exchange rates hike. Unemployment in these times might lead to a life of crime to survive, and that's s good indicator of how bad and intolerable the economy is at the time.

DrBeer

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Quote from: electronicash on November 27, 2023, 02:04:46 PM

netflix is just a new platform. the popcorn index must have been created long before Netflix arrived. mostly are debatable but it's all really connected to how much money the people have in their accounts. like you wouldn't really risk yourself riding your bike at night when you could be safer and comfortable with your sedan. but because saving for gas makes sense when a person is jobless due to mass layoff, he'd likely use his bro's bike.

but they are all associated with the bad economy like the Luxury watch index where Rolex sales drive up especially when professionals earn their bonuses.

I'll just leave here the statistics of the countries with the highest proportion of bicycles per unit of population. It's enough to realize that the idea that "where people ride bicycles, poor people live" is not true.

JAPAN 126.8 million, population of the country
72.5 million, number of bicycles in the country
56.9% of bicyclists in the population

SWEDEN 8.42 mln, population of the country
3.8 million, number of bicycles in the country
48.8% of cyclists in the population

Denmark 5.7 million, country population
4.5 million, number of bicycles in the country
90% of cyclists in the population

THE NETHERLANDS 17.1 million, population 16.5 million, number of bicycles in the country 90% of bicyclists in the population
16.5 million, number of bicycles in the country
99.1% of cyclists in the population

CHINA 1.4 billion, population of the country
500 million, number of bicycles in the country
37.2% of the population bicycles

USA 327 million, population
100 million, number of bicycles in the country
32.2% of the population bicycles

NEW ZEALAND 4,8 million, national population
2,3 million, number of bicycles in the country
41% bicyclists among the population

PS in the 90s in my country, there was a mass purchase of heavy gold chains, expensive watches, etc. "indicators" of a rich life. In fact, it was just an attribute of criminals and/or people earning a lot of money not very legally, and many people imitated them to give themselves the status of "rich"

)
The same can be said about buying new iPhones on credit, in very poor countries. This is not an indicator of a high standard of living, it is an option to artificially raise their status, no more than that.....

electronicash

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Quote from: DrBeer on November 27, 2023, 12:28:25 PM

Quote from: electronicash on November 23, 2023, 03:50:50 PM

we know the economy is bad when gas prices have already gone up and all the rest of the stuff we usually buy in the grocery store is up 15%. and because your salary is just what it was the last 2 years, your situation is just as bad as the rest of us. we are in a recession. one reason more economists wanna be think we are in a recession is because we hear it on the news too.

but here are indicators to confirm we really are in an economic downturn.

1. butter popcorn index - people go to movies regardless of how bad the movie is. they just go see movies to just get away from their problems. but when the economy is bad, just sit and watch netflix.

2. diaper rash - parents wouldn't mind if their kid's diapers are already full during an economic crisis and are not neglectful when it comes to the diaper turning yellow during an economic upturn.

3. plastic surgery index - plastic surgery index is generally down during rough times as women wouldn't mind how small their boobs are than when the economy is booming.

4. lipstick index - women wouldn't spend much on expensive lipsticks so sales are gonna be bad for lipsticks compared to the times when economy is great.

5. japanese haircut index - during a good economy, more people in japan will take care of themselves and get their looks neat and they're not doing this during bad times. women don't go to beauty parlors.

6. bike fatality index - during an economic crisis, people use bikes often or can't afford cars so more bike accidents happen.

7. men underwear index - men especially singles don't mind wearing underwear with a couple of holes in it, no one sees it anyway. men buy less underwear during economic downturns.

8. garbage index - less garbage because people buy less when the economy is bad and buy more when times are good so more garbage everywhere.

9. unclaimed body index - during a bad economy, dead people are not claimed in the morgue. horrible index to look at how bad the economy is.
i'm sure people take care of their family when they die. can't believe this is happening.

i'm sure there are some more, there is also a "beer index" where people prefer to just buy 6 packs and go drink at home rather than a bar.
a few months ago, i bought my kid a secondhand laptop rather than a new one because it's expensive, i think this is also an indicator. and i know he'd break it sooner.

Quite debatable arguments

To be more precise - according to this scheme, almost any indicator can be associated with a bad economy or... on the contrary, with good trends.

For example, I will paraphrase some of your indicators

1. buttered popcorn index - people go to the movies no matter how bad it is. they just go to the movies to take their minds off their problems. but when the economy is bad, just sit back and watch Netflix.
No. It's a good indicator - people are able to buy Netflix service, have their own comfortable homes and quality TV, which is more comfortable to watch sitting in a warm robe on a comfy couch

2. plastic surgery index. The plastic surgery index usually goes down during hard times because women don't pay attention to how small their breasts are than during an economic boom.
No. The standard of living is good and women's health is higher, they don't need to unnaturally correct their bodies as they have proper nutrition, good medicine, healthy diet.

3- Lipstick index: women will not spend much money on expensive lipsticks, so lipstick sales will be poor compared to the time when savings are high.
No. In some countries, with a high standard of living, I have observed that women consider themselves naturally beautiful, and do not seek to beautify themselves with excessive makeup.

4. Bicycle fatality index - during economic crisis, people often use bicycles or can't afford cars, so more bicycle accidents occur.
No. it's just that people prioritize environmental friendliness and healthy lifestyles by bicycling. That said, high accident rates can only be attributed to low levels of responsibility and not following the rules of the road.

5. Men's underwear index - men, especially single men, don't mind wearing underwear with a couple holes in it, no one can see it anyway. men buy less underwear during economic downturns.
No. It's more of a personal hygiene and unkemptness issue since underwear is not expensive

6. Garbage Index - less garbage because people buy less when the economy is bad and buy more when times are good, so there is more garbage everywhere.
No. Less waste means people are more careful with products, not to save money, but to overcome "consumer addiction", so the standard of living and consciousness is higher.

netflix is just a new platform. the popcorn index must have been created long before Netflix arrived. mostly are debatable but it's all really connected to how much money the people have in their accounts. like you wouldn't really risk yourself riding your bike at night when you could be safer and comfortable with your sedan. but because saving for gas makes sense when a person is jobless due to mass layoff, he'd likely use his bro's bike.

but they are all associated with the bad economy like the Luxury watch index where Rolex sales drive up especially when professionals earn their bonuses.

jacafbiz

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I don't think anyone needs to tell me that the economy is bad when your purchasing power stop dropping, the irony of the matter is that the price of goods would increase more than 100% and the economist would be telling you that the inflation is just 20%, here in my country price of most good s have increased more than 100% in the last 1 year, and you still read that the inflation is 20%, I think we are in a strange world

BIT-BENDER

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Really funny and interesting but why are you looking strange indicators like those which isn't complete and accurate measure of the economic state of any country. Where I am from we aren't the cinema freaks and you can actually use the cinema turn up to judge the nation's economy rather the most accurate indicators are.
+ The state of our currency
+ Our fuel price
+ The state of our transportation system (spike or drop in transportation price)
+ Medical services and definitely the amount of citizens Trying to leave the country.

DrBeer

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Quote from: electronicash on November 23, 2023, 03:50:50 PM

we know the economy is bad when gas prices have already gone up and all the rest of the stuff we usually buy in the grocery store is up 15%. and because your salary is just what it was the last 2 years, your situation is just as bad as the rest of us. we are in a recession. one reason more economists wanna be think we are in a recession is because we hear it on the news too.

but here are indicators to confirm we really are in an economic downturn.

1. butter popcorn index - people go to movies regardless of how bad the movie is. they just go see movies to just get away from their problems. but when the economy is bad, just sit and watch netflix.

2. diaper rash - parents wouldn't mind if their kid's diapers are already full during an economic crisis and are not neglectful when it comes to the diaper turning yellow during an economic upturn.

3. plastic surgery index - plastic surgery index is generally down during rough times as women wouldn't mind how small their boobs are than when the economy is booming.

4. lipstick index - women wouldn't spend much on expensive lipsticks so sales are gonna be bad for lipsticks compared to the times when economy is great.

5. japanese haircut index - during a good economy, more people in japan will take care of themselves and get their looks neat and they're not doing this during bad times. women don't go to beauty parlors.

6. bike fatality index - during an economic crisis, people use bikes often or can't afford cars so more bike accidents happen.

7. men underwear index - men especially singles don't mind wearing underwear with a couple of holes in it, no one sees it anyway. men buy less underwear during economic downturns.

8. garbage index - less garbage because people buy less when the economy is bad and buy more when times are good so more garbage everywhere.

9. unclaimed body index - during a bad economy, dead people are not claimed in the morgue. horrible index to look at how bad the economy is.
i'm sure people take care of their family when they die. can't believe this is happening.

i'm sure there are some more, there is also a "beer index" where people prefer to just buy 6 packs and go drink at home rather than a bar.
a few months ago, i bought my kid a secondhand laptop rather than a new one because it's expensive, i think this is also an indicator. and i know he'd break it sooner.

Quite debatable arguments

To be more precise - according to this scheme, almost any indicator can be associated with a bad economy or... on the contrary, with good trends.

For example, I will paraphrase some of your indicators

1. buttered popcorn index - people go to the movies no matter how bad it is. they just go to the movies to take their minds off their problems. but when the economy is bad, just sit back and watch Netflix.
No. It's a good indicator - people are able to buy Netflix service, have their own comfortable homes and quality TV, which is more comfortable to watch sitting in a warm robe on a comfy couch

2. plastic surgery index. The plastic surgery index usually goes down during hard times because women don't pay attention to how small their breasts are than during an economic boom.
No. The standard of living is good and women's health is higher, they don't need to unnaturally correct their bodies as they have proper nutrition, good medicine, healthy diet.

3- Lipstick index: women will not spend much money on expensive lipsticks, so lipstick sales will be poor compared to the time when savings are high.
No. In some countries, with a high standard of living, I have observed that women consider themselves naturally beautiful, and do not seek to beautify themselves with excessive makeup.

4. Bicycle fatality index - during economic crisis, people often use bicycles or can't afford cars, so more bicycle accidents occur.
No. it's just that people prioritize environmental friendliness and healthy lifestyles by bicycling. That said, high accident rates can only be attributed to low levels of responsibility and not following the rules of the road.

5. Men's underwear index - men, especially single men, don't mind wearing underwear with a couple holes in it, no one can see it anyway. men buy less underwear during economic downturns.
No. It's more of a personal hygiene and unkemptness issue since underwear is not expensive

6. Garbage Index - less garbage because people buy less when the economy is bad and buy more when times are good, so there is more garbage everywhere.
No. Less waste means people are more careful with products, not to save money, but to overcome "consumer addiction", so the standard of living and consciousness is higher.

Davian144

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Quote from: arimamib on November 26, 2023, 02:22:27 PM

Massive layoffs are indeed a concerning sign of economic distress. When companies are forced to let go of their employees, this indicates that they are struggling financially. This can make a ripple effect to the economy, because it reduces consumer spending and further strains businesses that rely on those laid-off workers as customers.

Usually companies lay off their employees to avoid excessive costs so that the company does not go bankrupt and can continue to survive longer. So the company that lays off some of its employees is certainly based on reasons that are quite clear and also quite reasonable, especially if the aim is to cut costs that the company itself considers excessive. And the factors for this can also vary, even though one of them is what you said. But there are also other factors that can cause this to happen, such as a lack of sales of their products so that the company does not get more profits, causing excessive difficulties.

Quote

The inability of local producers to compete with foreign companies can intensify the economic downturn. We are In an era when local businesses face fierce competition from companies in other countries. If local producers cant match the prices or quality of their foreign counterparts, they may lose customers and struggle to stay afloat.

The issue of competition is quite an important issue for all companies, whether local companies or foreign companies, because every company that wants to develop quickly must have a competitive strategy that is mature enough to make its competitors lose. So local companies should not be pessimistic about this as long as they have a better strategy to face existing competition, because now is the time to compete if they want to progress and develop better.

EluguHcman

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The economic downturn is a biased situation that brings about downfalls and limitations to human services and exchanges that also could bridge about appreciatable lifelines where as the poor can't afford to qualify demands even if it is not one of the expensive demands.
No one was meant to be denied good health, good educations, good foods, living and having smiles on the face but the reigns of economy downturn has ruined it all.
The resultants of economy downturn is a service that has offered the masses disruptions towards their endivoirs or engagements and also brings about relationship bridges and also gets the poor irresponsible reputations that they are unable to take response to their responsibilities.

Economic downturn has insighted the masses of two main mental effects which are:
* Mental breakdowns that has got the masses settling for less, taking whatever situations and conditions they finds themselves.

* Embracing of poverty because they already gets used to poor beings.

* Depreciation of ones sensitive and creative potentials.

* Inspirations to negative indulgences and also as suicidal optioning.Etc.

I can verily say that the atrocities in the world today is advanced majorly as a resultant that economy downturns is brought. People just have to survive at all means and that is why it is said that life is a survival of the fittest.

Mr.right85

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Quote from: Text on November 23, 2023, 09:34:42 PM

That's really the situation, especially in third-world countries. Inflation can't be stopped, especially when the economy isn't progressing.

Here we go again. The third world countries. It suddenly feels we are afflicted by everything negative and nothing positive ever comes this way. Once there is a negative attribute, it’s easy to find a third world country numbering amongst the afflicted. Such is the case and such is life but then, even the developed world were once here and never felt the impact as it’s felt today (so we are meant to believe).

While I see a lot of the index as at above strange, I can’t completely disagree with them nor will I be both arms open in agreement.

In the eyes of a depreciating economy, people tend to be more conservative and place value on little things than they would have in a more thriving economy.

DVlog

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Quote from: joniboini on November 23, 2023, 08:59:23 PM

Quote from: komisariatku on November 23, 2023, 06:18:18 PM

must issue economic policies that can help society so that people's purchasing power can increase, either by providing subsidies to keep goods prices cheap or providing cash assistance to people affected by the bad economy.

I think that is a tricky decision. If they can't control how much money is in the market, it can go south quickly and will just increase inflation like what happened in Argentina iirc. At some point, people need to become creative on their own so they don't rely on the government to survive for a while. I guess this is where natural selection comes into play.

Weirdly enough, I stopped taking regular haircuts a few years ago. My reason is just laziness though, quite different from the Japanese I guess. On the other hand, the price to get a basic haircut does increase here. Things are getting expensive.

That is the reason Argentinians purchased bricks when they had cash because they knew their paper cash would lose its value due to inflation. This type of scenario occurs when there is an extreme level of corruption in the government and underqualified people sit on chairs where they shouldn't be. Just look at what happens with pakistan and srilanka. Perhaps we can bring forth another brick index. Grin

In my country we are going to have a similar scenario. I am saying this because people's are eating less meat and non-vegetarian food which are the primary food consumed by our people. Maybe this is a good way to judge a countries economical situation by analysis the change of its people's lifestyle.

Xampeuu

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Quote from: wiss19 on November 26, 2023, 11:35:04 PM

I think that a bad economy is not only measured in the rise of the price of the goods, but there might also be other indicators to know it. On many well-developed countries, the price of their items are also high but their economy was still in a healthy condition. I know it's crazy but I think an increase in the price of the goods might also be beneficial to those people behind them or to the ones who create/produced them and to the economy in general, so we should also think about this before we complain.

In terms of salary, I think this doesn't has to do with the economy most of the times, but it only has to do with the company that you are working with. You better switch jobs and find a better paying one.

In my opinion, salaries should be measured by the minimum wage standard in an area, if our salary is several times the minimum wage, then I think we can live decently, but most people have a high lifestyle, so any salary seems not enough to cover it. . therefore everyone's standard of living is different, it would be a shame if we lived only according to prestige, because most of what happens is like this

AnonBitCoiner

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Quote from: summonerrk on November 24, 2023, 07:57:03 AM

In some moments you are wrong. For example, that parents will tolerate a full diaper for a child if hard times come. Children are the most important thing we have, and even if everything is five times worse, then good parents will give the last thing they have just to make their child feel good and comfortable. Any parent knows this, and everyone who has children agrees with me.

A sufficient indicator of the poor situation in the economy is the rise in prices. This has always been and will always be, and this is enough to understand everything.

How much the economic condition of a person worse but he will always concentrate on a his children's health because there is nothing important than the life of his children. If economic situations are not good then it does not mean that a child will use only a single daiper in a whole day because there are lots of other ways through which children can make comfortable and healthy.

The price of each and everything is getting increase therefore we can simple indicate poor economy through the higher price and lower salaries. One can hardly manage their home expenses but I think that there is a solution to everything. We should keep our children healthy by accepting different ways because if we constantly use one way which is expensive then surely we will face troubles.

wiss19

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I think that a bad economy is not only measured in the rise of the price of the goods, but there might also be other indicators to know it. On many well-developed countries, the price of their items are also high but their economy was still in a healthy condition. I know it's crazy but I think an increase in the price of the goods might also be beneficial to those people behind them or to the ones who create/produced them and to the economy in general, so we should also think about this before we complain.

In terms of salary, I think this doesn't has to do with the economy most of the times, but it only has to do with the company that you are working with. You better switch jobs and find a better paying one.

arimamib

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Quote from: Die_empty on November 26, 2023, 06:14:18 AM

Quote from: electronicash on November 25, 2023, 03:00:37 PM

~

Massive layoff of workers is an important indicator of an ailing economy but this is usually caused by companies going bankrupt. When the economy there will be less patronage from the citizens because they have less doubt to spend. Local producers might not be able to compete with competitors outside the country this will lead to the crumble of many businesses.

Massive layoffs are indeed a concerning sign of economic distress. When companies are forced to let go of their employees, this indicates that they are struggling financially. This can make a ripple effect to the economy, because it reduces consumer spending and further strains businesses that rely on those laid-off workers as customers.

The inability of local producers to compete with foreign companies can intensify the economic downturn. We are In an era when local businesses face fierce competition from companies in other countries. If local producers cant match the prices or quality of their foreign counterparts, they may lose customers and struggle to stay afloat.

electronicash

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Quote from: Vispilio on November 26, 2023, 07:31:35 AM

The number of overqualified job applications, in Turkish lands for example where the country has been in a perpetual state of high unemployment and high inflation since the last 20 years,

10,000 college graduates will apply to even the most basic jobs with minimum wage or just marginally above minimal wage;

also most of these people are not doing the jobs they studied for in college, teachers becoming police officers, public administration graduates becoming cleaning staff, etc.

It's also what is happening in my country. there are hundreds to thousands of nurse/engineering graduates only to find themselves working for BPO companies. it must be for the reason they won't be idled. parents must have accepted this already and find nothing wrong with being under-employed when there are just a few companies in our country. these graduates are hired more in the Middle East though. there is no recession in that region, the oil kept the economy alive.

underemployment is another indicator. they would rather just fill the vacant position despite skills not fitting the job description.

Vispilio

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The number of overqualified job applications, in Turkish lands for example where the country has been in a perpetual state of high unemployment and high inflation since the last 20 years,

10,000 college graduates will apply to even the most basic jobs with minimum wage or just marginally above minimal wage;

also most of these people are not doing the jobs they studied for in college, teachers becoming police officers, public administration graduates becoming cleaning staff, etc.

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Quote from: davis196 on November 26, 2023, 06:30:50 AM

OP, where did you get this list of strange indexes? Would you mind sharing with us a link to the source of information?
The people can cut their spending and consumption in times of high inflation, not just when the recession hits the economy.
When everything becomes more expensive, the demand for luxurious goods and services goes down. I'm sure that we can survive during a tough economy with less expenses for haircuts, underwear, not visiting cinemas or buying stuff we usually don't need.

It easier said than living it. You when a person is used to a particular lifestyle of glamour and luxury it's really difficult to cut all of those lifestyle off within a short moment, even if you want to, you wouldn't do away with all of it all, the their absence in your life will make life look boring and sad for you.

For instance, someone that's like a custom all her life going to the cinema to see movies, going on vacations at least twice in a year, and so on. If you have cut all of these from the lives of the person, am sure it's going to affect their lifespan as their countenance will never be again as it were when they where still having those lifestyle in place.

But, the best thing to do in times like this where the recession is bitting hard each day is to cut off certain living patterning that are expensive to keep up with, it might be hard to cope with but it's what the times demands even if it's easier said than living it.

Quote

The most brutal index is the "morgue" index. Funerals are also getting so damn expensive nowadays and it's a shame that many poor people can't afford a decent funeral for their dead relatives.

Let the dead bury their dead, this doesn't mean they have to be given expensive funeral ceremony. We can do it in a low-key and interment will be done without having to spend so much. I think it people that gives so much priority to this burial of a thing that goes on making it a big occasion which then attraction so much expenses.

stadus

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Quote from: NewRanger on November 23, 2023, 10:58:58 PM

Quote from: Darker45 on November 23, 2023, 09:47:36 PM

On the other hand, there are also a lot of people complaining about the rising prices of as basic a need as food and yet they don't even trim down their expenses on cigarettes or gambling or alcohol.

Yes. strange but True. If this is what is conveyed there is no word about inflation, especially when it comes to cigarettes and drinking coffee, we as men, especially active smokers can at least endure it, especially if we try to stop because of inflation, at most we can only last 1 hour. ..he, he, I really avoid the two things above, gambling or alcoholic drinks that you mentioned and don't do the things above.

But those are basic needs, universal for everyone, so people would really complain if they become expensive. Although some individuals have vices in life that could lead to financial struggles, we cannot relate that to the problem, as it requires a personal approach on an individual basis. The problem is quite general; hence, the solution needs to be for everyone. At the end of the day, our government does not engage in a blame game here; they have to find a specific solution to the problem.

so98nn

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Quote from: Die_empty on November 26, 2023, 06:14:18 AM

Quote from: electronicash on November 25, 2023, 03:00:37 PM

thats why i often heard these telemarketers move from one BPO company to another in less than a month just constantly receiving these gift baskets. i don't know if they were doing it but it looks easy to just attend the job interview, pass the exam, be hired the same day to receive the gift basket, and then be AWOL the next day because of attending another job interview.

but the mass layoffs also is just one indicator that is happening to even the most successful company.

Massive layoff of workers is an important indicator of an ailing economy but this is usually caused by companies going bankrupt. When the economy there will be less patronage from the citizens because they have less doubt to spend. Local producers might not be able to compete with competitors outside the country this will lead to the crumble of many businesses.

Ahh, something important that I wanted to mention while I was reading the OP. I am not sure how they mentioned to forget it but it is one of the biggest index. Most of the western countries are getting hampered with it in the initial days and then the wave came down to tier 3 Country. Due to production and manufacturing based industries things are getting worst as it scales down due to less demand in the market. Slowly this is affecting the service based industry which is mostly in the tier 3 zone. This way many of them loosing their jobs. An industry like Reliance which houses millions of jobs around the globe also had scale down their number of employees by 100 thousand. This is heartbreaking but this is the actual index we are looking at.

If peeps are loosing the job then they are loosing the power to buy and sell things on daily basis. In turn small and medium businesses go down with that. Perishable market is worst hit because they can’t keep the material for long and since no one is there to buy it, it goes to waste.

The worst market situation.

davis196

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OP, where did you get this list of strange indexes? Would you mind sharing with us a link to the source of information?
The people can cut their spending and consumption in times of high inflation, not just when the recession hits the economy.
When everything becomes more expensive, the demand for luxurious goods and services goes down. I'm sure that we can survive during a tough economy with less expenses for haircuts, underwear, not visiting cinemas or buying stuff we usually don't need.
The most brutal index is the "morgue" index. Funerals are also getting so damn expensive nowadays and it's a shame that many poor people can't afford a decent funeral for their dead relatives.

Topic: strange indicators to know economy is bad - page 3. (Read 784 times)