What are your economic indicators? In other words, how do you determine if the general public is worried about uncertain times?
Besides all the information the government publishes, I use three indicators.
The local feed and fertilizer / farm supply store
On Friday, May 22nd I was at Circle three feed in Jasper Texas to buy some chicks and chicken feed. While I was there I took a few minutes to talk to the nice lady behind the counter.
Usually, the chicks are sold between February, March and April.
This year, the farm supply store was not able to get chicks until April. The nice lady told me the store was not able to get chicks because the suppliers were sold out. In 15+ years, this is the first time the store had not been able to get chicks in February.
While at the farm supply store I bought:
10 Australorp chicks
7 Barred Rock chicks
100 pounds laying pellets
100 pounds hen scratch
25 pounds medicated chick starter
This is to go with the 12 chicks and 12 guineas my wife and I have coming in June.
About the author: Kevin Felts graduated high school in 1986. After high school, Kevin went to work in a welding shop that built ASME certified pressure vessels. In 1987 Kevin went to work for a company that built AMSE certified heat exchangers. After working 4 years building heat exchangers, Kevin moved from shop to shop, until he went to community college and went into computers. In all, Kevin has around 14 – 15 years experience in the welding field.
Think working in a factory is only for stupid people that can not make it in college? Think free trade is good? Think cheap products from china (or anywhere else) is a good thing?
Besides economic stability, a strong manufacturing base can be retooled during times of war.
One of the problems with the USA, Canada,,, and the rest of the world, we have forgotten what its like to be in a “real” war. This war in Iraq is not a war where our cities are being bombed. We do not even have to buy war bonds like people did during WW2.
If the US went to war with someone like Russia or china, we have no steel mills, we have only a couple of ship yards spread out through the country to build ships with, most of our steel is made overseas, most of our welding tools are made overseas. The shipyards from the 1940s and 1950s have been demolished. All that remains in some locations is an open field. There “might” be left-overs from the old ships yards, but they are far and few in between.