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Looking for SignsI was going to use this page to talk about the World of Concrete/World of Masonry shows, as well as the MCAA Convention, which took place in Las Vegas last month. But with our extensive coverage of the convention (p. 38) and the show (p. 44), and our insightful President’s Message (p. 10) from MCAA President Tom Daniel, suffice it to say I boarded the airplane to head back to Atlanta feeling a lot better about industry attitudes toward our tough economy than I felt during the flight out.
Everyone knows the economy is a mess. But most of the people I met with seem a little tired of the negative rehashing of the market, and a little more willing to look for a brighter side. This gloomy period will correct eventually. Until then, we have to move forward and try to be positive.
On that note, I’d like to share with you six top indicators that the market is improving from www.Time.com.*
1) Home Sales
3) Jobs (again)
4) Car Sales
5) Retail Sales
6) Interest Rate Spreads
Historically, wide credit spreads between securities that tend to track closely suggests that borrowers – other than the U.S. government, anyway – are having great difficulty getting funds. When credit spreads across the spectrum narrow, it will signal that money is flowing again, a critical development.
*Tips were edited for space.
|Last Updated on Monday, 02 March 2009 03:28|