now, where is our economy?
My work life has taken over my regular postings on this page. I am still here only have to find the time to keep up with the news. Additional, it hurts no being able to read Paul Krugmans column at the NY Times for free anymore. I don;t buy the paper, since I have no time to read it on a regular base and can't afford to support a paper I don't use OTHER than for reading Paul's excellent notes. So I will have to find a better way to read him (I finished his books a while ago!)
I am working right now on implementing a Vector Autoregressive Model on consumer sales patterns and trying to find a good feedback systems for my employer. Not easy to convince people that there is a life beyond simple autoregressive models and that there is indeed canolization effect between products. But this only as a personal note!
I had an interesting conversation today with my wife's grandparents about the state of the American Economy. And here is a point that I haven't thought about. Observation shows that Christmas shopping seems at least in terms of parking spot availability on the mall vicinities booming. This is contrary to the after Thanks Giving findings that consumers were staying away from the Nordstroms, JC Pennies, and Marshall Fields, but rather go for the Walmarts cheap "toys". Bargaining with tight belt and empty pockets this christmas shopping opening reflected the sad state of our economy. The announcement of tens of thousands lay offs by Ford and GM, while record high number filed for bankruptcy, just put the nail into the already rotten billboard of the decaying economy. So why now the myth of full parking lots at the mall next door. Numbers have to back my finding, but I have a feeling that either the increase in consumer dept or the mere window shopping of what one could by or wish for if the money was there, is responsible for it. Now if we keep having the same weather pattern this winter that we had in the fall, one could see a frosty retail business. Who wants to shop in the cold or who will deliver during the next snow storm if you buy online?
I am working right now on implementing a Vector Autoregressive Model on consumer sales patterns and trying to find a good feedback systems for my employer. Not easy to convince people that there is a life beyond simple autoregressive models and that there is indeed canolization effect between products. But this only as a personal note!
I had an interesting conversation today with my wife's grandparents about the state of the American Economy. And here is a point that I haven't thought about. Observation shows that Christmas shopping seems at least in terms of parking spot availability on the mall vicinities booming. This is contrary to the after Thanks Giving findings that consumers were staying away from the Nordstroms, JC Pennies, and Marshall Fields, but rather go for the Walmarts cheap "toys". Bargaining with tight belt and empty pockets this christmas shopping opening reflected the sad state of our economy. The announcement of tens of thousands lay offs by Ford and GM, while record high number filed for bankruptcy, just put the nail into the already rotten billboard of the decaying economy. So why now the myth of full parking lots at the mall next door. Numbers have to back my finding, but I have a feeling that either the increase in consumer dept or the mere window shopping of what one could by or wish for if the money was there, is responsible for it. Now if we keep having the same weather pattern this winter that we had in the fall, one could see a frosty retail business. Who wants to shop in the cold or who will deliver during the next snow storm if you buy online?
posted by daenjel at 11:23 PM
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