So, the only good thing about driving to work instead of taking public transportation is getting to listen to Morning Edition on NPR. Last Thursday, I heard a really interesting story about how people look to other things besides housing as economic indicators. I don't know much about the economy, but I guess that housing prices around the country are general indicators of how the economy is doing. If prices are high, it means people feel confident about the economy and are willing to invest more money in real estate (that whole supply and demand thing). According to the NPR story, people are now looking at other prices, like those of horses (a big investment that doesn't pay off right away) and also that of dry cleaning and men's underwear. Obviously the economy isn't an exact science. But doesn't increased demand in dry cleaning and men's underwear indicate that people are soiling their clothing more due to increased stress? Just a thought...
(click on the post title to go to the NPR story)
