Tuesday, May 20, 2008

Roadside economics

One could also call this anecdotal economics, but I've noticed that the number of automobiles, boats, snowmobiles, four wheelers, trailers, etc., that are being sold on the sides of highways has grown significantly this year. That tells me a couple of things. One, people are trying to clear themselves of these assets in order to pay debts or because they are looking to buy new toys. If it is the former, and I suspect that it is, the used market for these items is going to tumble, which is going to draw more potential consumers away from manufacturers. Because of this, the anecdotal economist says that there are plenty more ripples to be felt from this economic slow down yet.

Of course, if it is the latter, I'm just plain wrong.

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