A collection of odd economic indicators from the BBC and the L.A. Times :The crane index. How many cranes are visible from a given point. Really a measure of optimism about the prospects for commercial property.
The number of people signing up to dating agencies offering extra-marital affairs, on the basis that demand goes up either in times of excessive confidence - “I won’t get caught”; or depression - “I don’t care”. (Sex had to figure somewhere.) The Dry Baltic Index. A measure of demand for shipping. Since it takes two years to build a container ship, freight capacity is inflexible, so small changes in demand can cause marked changes in price.
The Popcorn Index. Sales of popcorn at the cinema are, it was suggested in a newspaper recently, a sensitive barometer of consumer behaviour.
The baked bean index - my colleague Anthony Reuben noted in the spring how the value of sales of baked beans - a classic recession food - had risen 21.6% in April compared with the same month last year. Could a reverse signal the start of a recovery? According to FilmL.A., the nonprofit organization that coordinates on-location shooting in the city, no permits have been issued in 2009 for car commercials. Although commercial production in the city is flagging anywaydown 34% in the first quarterthe 100% drop in tunnel permits suggests “very tough times in the car business,” FilmL.A. spokesman Todd Lindgren said.
(Via: Kottke )
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