Christopher made an interesting point in one his comments. He mentioned that he’s seeing more jeeps for sale. Well, oh boy, did this get me thinking ….. and while this is tangentially related to jeeps, it more about my thoughts on the economy.
I agree wholeheartedly with Christopher. I believe the number of flat fenders appearing for sale is greater now, and the prices better, than I’ve seen since I started following them (which is only 2 years mind you). Most of the ads appear to have the same theme, ‘don’t want to sell but need the money’. Now, I don’t keep actual stats on this, but I have been pondering ways to do this without it being a time burden …
Combing Trends
When I combine the jeep sale trend I see with the recent October filings for unemployment insurance (highest in 16 years) and the record drop in October US house sales (worst in 50 years), plus the number of job applications per job here in Boise, I get the feeling the economy is still heading downward.