A New Indication of a Double-Dip

Photo: Sam Howzit

We all have our favorite business cycle indicators.  I have a new one.  Last week I was at the (superb!) NBER Summer Institute.  And for the first time in 15 years of attending this conference, there was no guacamole on Taco Day.  The bad GDP data had come out a mere three hours earlier.  Coincidence, or coincident indicator?

No need to convene the Business Cycle Dating Committee: The guacamole has spoken.  It’s the first casualty of a double-dip.

Leave A Comment

Comments are moderated and generally will be posted if they are on-topic and not abusive.



View All Comments »
  1. Steve says:

    Double-dip? Sounds like a complete absence of dip.

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0
  2. crane says:

    Worse, no green (guac) available.

    Thumb up 1 Thumb down 0
  3. BL1Y says:

    My favorite recession indicator is attractive people working at second rate restaurants because the high end places have had to reduce headcount.

    Thumb up 3 Thumb down 0
  4. notkevinnealon says:

    We also saw the opposite indicator when our local economy was cooking: less attractive wait staff at the restaurant that was usually packed with eye candy.

    Thumb up 1 Thumb down 0
  5. BradyDale says:

    I feel like space on this blog is pretty valuable and shouldn’t be wasted with dumb posts like this.

    Thumb up 0 Thumb down 0