Just talked to my landscaper today. He said things are REALLY slowing down. He advertizes every year right around now, runs the ad for 1 weekend looking for landscape laborers. He usually gets 10 calls, this year 60 calls. And these guys are willing to work for less money.
This is the bottom rung here. These are mainly immigrants working for $10/hr. I just thought this was interesting.
I lease a used car dealership to a tenant. His business is picking up big time. I actually owned and ran that dealership for a number of years. I have found NO BETTER economic indicator than the used car business. If it’s busy the economy sucks. If business stinks the economy is flying high.