How to Gage Economic Conditions

[Tom Goans]

How to Gage Economic Conditions

These are ways to determine economic conditions:

- Local Sales Tax Reports - paying close attention to the major factors affecting the major employers

- Auto sales - dig down to learn of the sales price points

- Walmart sales - especially type of goods dominating monthly sales for a period of several months, such as “essentials”.

- Major Fast Food Sales - especially menu items: for example, are $1 menu items the dominating selling items

- Pizza prices

- Food Inflation - especially essentials

- Transportation Inflation - such as gasoline prices and auto prices

- What laws are in the pipeline to be passed - federal, state, and local

- What are the viewpoints, sales, and employment habits of major local employers - historical information has a higher value than assumptions

What have I overlooked?