29 AugMunicipal Bond Defaults, Theft and Other Unusual Happenings That May Signal a Recession

Municipal Bond Defaults, Theft and Other Unusual Happenings That May Signal a Recession

In a troubling economic condition, it is interesting that no one seems to agree on what exactly the symptoms are of a recession. Some economists or financial consultants may be optimistic and won't declare the onset of one until the monetary floor gives way, while others are ready run for the door at the slightest drop in the Dow. While people might point to job losses or business closings, it might be better to concentrate on some unusual occurrences that only tend to happen under unusual circumstances. Municipal bond defaults are an example, as these safe investments are usually covered by the deep coffers of government. There are even more instances that just may be the zeitgeist of a recession.

When things are very tough, desperate people resort to theft. Not the usual theft of a purse or DVD from the local store. When catalytic converters are ripped from cars, which contain valuable platinum and rhodium, or manhole covers taken off city streets, it just may mean it's a recession.

Even in the toughest of times people are going to find true love, and those people are going to get married. But if there's a recession you can say goodbye to those lavish outdoor summer fetes with swan sculpted ice. Instead, more weddings are on Fridays and during off seasons like the winter, not just so the bride's dress matches the ground.

People are accustomed to waiting. They wait for the next hole on the golf course. They wait for a ride at amusement parks. They surely wait for a table at a restaurant. So when people stop waiting for things, because there is no one else to wait for, it just may be a sign the economy is waiting to pick up.

And lastly, when women ditch the Tupperware for gold to sell at parties, it probably means there is a recession.

Photo source alancleaver_2000

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