Topic: strange indicators to know economy is bad - page 4. (Read 780 times)

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.

A bad economy will encourage people to sell belongings to survive. There was a time in my country when people were disposing of landed properties because they could not afford to maintain them and they also needed the proceeds to survive. Another sign of an unhealthy economy is an increase in the number of unmaintained houses in the country. People will prefer to survive than to keep properties.

A high rate of scams is an offshoot of bad economic conditions. Technically sound young citizens will start using these computer skills negatively. Many coders, software engineers, web designers, and others will use these skills to facilitate internet scammers. People will always be victims because they are desperate to make money to survive.

This is a funny thread indeed. Despite that what the Op wrote is real, but it still do appear comic. Especially when OP listed things like inability to change men underwear and so on.
Almost what OP wrote is happening in our present time, so it is safe to say that we are in a great economic downturn.

To me, what I used to know about a bad economy is the amount of start ups that failed. People hardly start business and when they do, it doesn't work for many. This is a sign of bad economy. Either the economy is not smooth to start biz or the business man uses his profits and even capital to sustain himself and the family.

If your child is still young, that's fine. Because I'm a parent, I'll do the same because they can't really appreciate the things you give them. Then you're just being practical; why would we buy a brand new one if he doesn't have awareness of whether he's using a new or an old one?

That's true; I believe in the approach of a parent like you because I have experienced it myself. Only buy what we know will not hurt our hearts when we give it to our children.

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.

Number 7's a little misleading, if you're a man, regardless of if you're the richest bloke in town or the town laughingstock, you'd only buy underwears WHEN YOU REALLY REALLY NEED IT, and I mean when the holes in the front couldn't cover your dingdong anymore lol. Kiddings aside, I've got a few strange indicators as well.

Jobs offering new and lucrative ways to attract people into their company. I've seen a lot of BPOs in the Philippines offer stupid "incentives" for getting hired in their company, some give gift baskets that you could easily buy for like 10 bucks outside, and Gift Checks for shopping as well as digital cash that you can spend. The more creative a company is when it comes to offering rewards and incentives to new hires, the more shitty the economy is going is the standard.

Thanks OP for updating these probable causes of good and bad economic situations, but I think that you focused on the surface indicators rather than the root causes of bad economy. I'll categorize root causes of bad economy, the internal and external factors. I'll just summarize, the internal factor is bad governance, when a country has incompetent leaders and corrupt officials, the result is what OP mentioned. External factors are when oil price is hiked as a result of some OPEC decisions, when there's war, crises or disagreement with countries that a country depends on for import, the result can be the same bad indicators that are mentioned.

Increase in thrift item - there will be more thrift items available for sale as more people will want to sell off their properties, and there will also be more people willing to patronize thrift vendors.

Increase in crime rate and insecurity - This is another indicator, there will be more people who are willing to go into crime so that they can at least have a meal.

Increase rate in the shutdown of small businesses because of low profit.

All these op had mentioned are not a strong signal that the economy is bad and people need to adjust. We need to remember that there are sometimes when we tend to spend less even knowing that we have sufficient funds to spend. There are many things that can make us to reduce our spending allowing the reduction in many of the factors op had listed.

Just like we know that there is war in Ukraine and other part of the middle east. Donations, death tolls, humanitarian services can make people reduce the way they spend or reduce their expenses just to send funds to other regions that needed it most. Cutting out expenses do not mean the economy is bad or we are financially broke.

Well first of all gas/oil prices are now down considerably, at least here in the United States.  Also, inflation has drastically gone down as well.  Gas prices are around or under three dollars in my states at the moment and the rate of inflation has gone from like 9.5% to roughly 3%.  So..things are getting much better.  Not to mention the stock markets have been performing quite well.  You do have some interesting points, and I agree with some of them.  Some however I just think are the actions of people who don't know any better, or would do the same thing regardless of an economic downturn.

I thought you were going to write some technical indicators to monitor the economy then without reading I thought why would a normal person give a try to this technical indicator while a normal person can already judge the severity of the economic situation by just watching the news and buying and selling things with his own hands.

And when I read the post, I realized you were also talking about the same thing. The economy is also bad when you think banks are everything, and it will be bad when you think war is the only option, it will be good if you are giving treats to your friends frequently. But in all scenarios, the situation of one person can totally be different from other people.

Like, for one person, the current economic situation might be a good one but for the other person, it might not be the same as for the first person. That's because there is a chain of people where every person doing different jobs with different pay rates and the ones that are no earning in local fiat instead earning in foreign countries then they are likely lesser effected by the economy and to them economy is not bad.

what about this. parents send their kids to their grandparents in order for them to attend 2 jobs so they could meet ends. grandparents neglect the kid's diaper. they run around the house while wet poop dripping.

another strange indicator is the crocodile farm index, these farms are shutting down during an economic crash for there are no orders for crocodile skins for bags and shoes. these farms let go of their crocs to the California rivers too.  

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.

I find this very hilarious, I guess if there is a board for funny threads, this would have been one of the best posts on that board. How do you even come about this statistic? Well, let me add mine.
strange indicators to know an economy is bad.

• increased number of pregnant women, as the only remedy to a broke couples frustration becomes making out.
• fighting in the street

• fewer number of persona in the bank
• number of bearded men increases

Strange economic indicators indeed  .
During economic problems, we have more out-of-school children because parents will not be able to pay school fees. These children will be seen on the streets hawking wares to assist the family economically.

There is also a high rate of beggars on the streets. When people don't have jobs due to unemployment, they turn to begging to survive. The crime rate also increases because of unemployment. The rate of armed robbery, kidnappings and even killings increases because unreasonable people want to survive.  

There is also a low marriage childbirth rate. Singles prefer to remain alone because they cannot afford to take care of wives or children. Many bachelors in China are single because of the high cost of living.

A high migration rate is another proof that the economy is not favourable. People will prefer to move to countries with better economic conditions when their home economy is facing challenges. Professionals like medical practitioners, IT personnel and other specialized skilled individuals will move to other countries where they can earn higher or get a higher standard of living.

Public unrest is another cardinal pointer of economic downturn, there is usually protest and strike by workers to express dissatisfaction about the economic hardship.

Interesting indicators in the OP, I wasn’t aware of a lot of them. There are indicators that can help you know if the economy is in bad shape. One key indicator is the GDP (Gross Domestic Product) growth rate. A decline or stagnation in GDP suggests an economic slowdown. Unemployment rates are obviously clear. An increase in joblessness signifies a struggling economy. Stock market performance, consumer spending, inflation rates & business confidence are important indicators to consider. Monitoring these factors will give you a better understanding of the overall health of the economy.

In my view, usually if circumstances force it, in this case inflation, people will naturally be moved to survive. It's up to us whether we still want to relax with the situation or we always want to look for work (in debt) like that always.

So, are there still jobs that are relaxed but have a big salary ?

You're mostly mention about secondary needs which is correct since if a country has a good economy, many people willing to spend their money for secondary needs.

But I like the garbage index, it's make sense as the more garbage = more spending. The drawback is garbage index only can be used in a discipline country e.g. Japan where all of the people taught to dispose garbage on a right place, if people are still throwing garbage in anywhere, the result is bias.

Lol.

Well, that's the kind of crisis we are going through but what surprises me even more is all these points which you have mentioned applies to working class or middle class people wherein elites don't even give a damn regardless of situation there lifestyle continues as it is and yeah people cutting down on unnecessary expenditure is the only way to cope up with the rising inflation and bad economy unless one has multiple stream of income which increases as per the price of commodities.

Only losers don't know how to adjusts to the situation according to th economical needs and end up in debt trap.

Is there a way that all of them are summarized into one index because they seem to be many to look out for and at the same time I am sure that these indices have some sort of similarity to actually help as an indicator to the progress of the economy. I got to say though that these indices are definitely strange but in terms of being strange, I believe that there's still no one that's goin to beat the Waffle House Index it's not an economic indicator per se as they are a measure for the devastation of an area where a said Waffle House Index but if you reach the last one in the scale, it can be technically an indicator of the economic activity.

The most obvious indication of the recession was the mass firings that happened over the past 1+ year (lay off season) and all those people who had lost their decent paying jobs with good retirement plans were forced to get one or two jobs to be able to earn what they were earning in their previous singular job!

The worst part of all this is not the recession itself, it is the economists and politicians that refuse to accept the facts even when they hit them in the face. That's because if they admit recession they'd have to do something about it and they don't know what to do. For one they need the energy prices to go back down to $30-$40 for oil for example which is not in their control and they are too incompetent to think of any other way!