My job is a very accurate indicator of the economy. When I started in 2016, every winter before I was there was excruciatingly slow. This proved true for my first winter of 2016/2017. No phone calls, no well permits, no septic permits. Just silence and time to work on training and improvements. 2017/2018 was a little busier. 2018/2019 and 2019/2020 winters were absolute hell for me. It was just like the summer so I had not time to play catch-up on paperwork or attend many trainings or meetings. Constant floods of phone calls and people coming into my office wanting to build a house or upgrade their existing home. This stayed true even up to Inauguration Day. Then, the last week has been slowing down to the point that so far Monday and Tuesday, I’ve had zero phone calls, no emails, nothing. Like a fucking light switch the building stopped. And the economy didn’t even tank, interest rates didn’t go up. It just happened like someone turned off the lights. The crash is happening, remember this post when the effects are finally big enough to be seen.
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Probably something I didn’t factor in is consumer confidence. Even with low interest rates why would someone buy or build a new home or take out a loan to replace their septic system when we are headed toward economic disaster inevitably?
CC was out today. Slightly higher than expected. 89 vs 88 if I recall.
Isn't it a trailing indicator? What dates were the survey done?