If people have data points to add, it feels like a good time to post some drive-by economics. What are you seeing around you in terms of economy activity? Are stores empty or crowded? Houses selling? Freeways full/empty? Post it here.
I’ll start:
- San Diego freeways remain relatively open, with traffic much less than a year ago as judged by travel times at peak hours.
- My favorite local sushi restaurant is crowded at lunch again, for the first time in a year. The sushi chef says lunch business is way up, and dinner traffic is at levels that has him smiling.
- I am seeing the odd “Sold” sign in the area, for the first time in a year. Many properties still not moving, but the odd one is finally selling.
- There are multiple construction/renovation projects going on at homes in the area, again for the first time in more than a year.
- Airplanes are packed, but are still running on time. This means, to my way of thinking, that while travel is up, the schedules remain reduced.
- Last week’s Santa Ana in San Diego gave birth to more than a dozen (small) fires. In general, near-urban wildfires are highly correlated with unemployment.
- The recent uptick in IPOs had people asking me about upcoming “hot” IPOs. I can’t remember how long it is has been until I’ve had that happen.
- My golf instructor says business is still very soft and unpredictable. The recent LPGA tournament at Torrey Pines was an attendance bust.
Add your own data points in comments.
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