Saturday, October 2, 2010

Is the economy getting better, worse, or stagnating?

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The following is a quick view of the USA as seen from our Chevrolet.

We just completed another road-trip vacation to Florida and back; we usually do this once or twice a year, the times based on the whims of my wife; she has a knack for craving Florida sunshine during hurricane season.

We especially like traveling during the times of major economic malaise because there is less car and truck traffic plus the hotels are cheaper and less crowded. Anecdotally, I’d say the economy is doing better now than it was a year ago as evidenced by the number of freight-hauling trucks that made our driving downright contentious. The hotel rates are still relatively cheap but we found that reservations filled up early in the day. Most of the travelers we saw in the hotels were business travelers. As far as off-season vacation travelers, we noticed that often the highways had more trucks than cars on them and our favorite sleepy little Florida town was sleepier than normal.

My guess is that the economic recovery is progressing, albeit SLOWLY. Jobs are still scarce; we noticed that many of the hotel staff members and restaurant employees (jobs that usually have a high turnover rate) were the same folks we met on our last trip.

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7 comments:

Arthur B. Burnett said...

Greetings from Texas,
Thank goodness your back! I was about to send out search parties.
Hope you and yours had a good trip. I hope the economy is getting better, but truth be told, we aren't seeing it here.

James A. Zachary Jr. said...

Thanks Art. Truth be told, I am getting to the age where I would rather spend my time in the yard than anywhere else on earth. There is plenty of beauty to be seen while traveling but there is no place like home.

Glenn B said...

The economy may be a bit better in Florida because housing prices have jsut about hit rock bottom, it is summertime and people do travel more during the summer or so it seems, and yada-yada. Sure isn't because of TARP or other stimulus funds.

The way gold keeps going up though, I am still worried it is not turning around or at least not fast enough.

All the best,
GB.

Anonymous said...

James,

Good to know you returned safely. Did you pick-up anything nice on your vacation? I find that the only way to make a permanent memory for a trip is to take something home. Last trip up to Rhode Island, of all places, I managed to scarf up three "Ideal" tong tools in calibers .32 Colt N.P., .32-20, and .44-40. Whereabouts in Florida is your favorite little sleepy town?

Steve in Merritt Island

James A. Zachary Jr. said...

Hey there Glenn,

Oh yeah, I agree things still suck and the politicians and the Fed have little if anything to do with things getting better. We still have a long row to hoe.

Take care man,

Zack

James A. Zachary Jr. said...

Hey Steve, thanks for stopping by.

Nah, the only guns I looked at on the trip were those I brought with for personal protection. At the pool my wife asked me if I noticed the bikini clad beauty with a 1911 Government Model tattooed on her back; my response was "Honey, you know I NEVER look at other women!"

We most always stay in Crescent Beach on A1A about 6-miles or so south of St. Augustine. We have tried other areas (the initial approach of Catrina chase us from Key Largo) but Crescent Beach is becoming like a second home to us.

All the best,

Zack

Anonymous said...

Ah, Crescent Beach! A beautiful spot about two hours up he road. Very friendly little place.

The Florida econcmy is not responding well at all in "The Summer of Our Recovery". Housing prices continue their slide off the bottom of the chart. Jobless people tend to not purchase houses, and that is what we are facing. The Kennedy Space Center is in the midst of letting 7,000 people go. I can't imagine that its local suppliers will have much need of keeping extra workers around as the Cape thins the herd. Very sad.

Too bad you did not make it down to St. Augustines gun shops. Some really good ones to be sure.

Steve in Merritt Island