strange indicators to know economy is bad

[electronicash]

~~~

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.

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.  

[Faisal2202]

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.

[ChiBitCTy]

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.

[Wakate]

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.

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.

[Rruchi man]

i'm sure there are some more,

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.

[Kelward]

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.

[panganib999]

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.

[electronicash]

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.

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.

[bettercrypto]

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.

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.

[KingsDen]

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.

[Die_empty]

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.

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.

[davis196]

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.

[so98nn]

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.

[stadus]

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.

[Lida93]

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.

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.

[Vispilio]

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.

[electronicash]

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.

[arimamib]

~

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.

[wiss19]

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.

[AnonBitCoiner]

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.