My wife and I recently moved and decided we need some new furniture. First, we built our home and that created jobs for everyone. But, while buying furniture, I was shocked at the busy sales clip I saw. Usually people shop for durables when they are optimistic about the future. In a small town like Muscatine, just about every business is a monopoly. I saw people eagerly buying new furniture which I interpret as a sign that we are turning the corner to recovery.
I've lost my Internet connect for the next week, so my posts will be irregular at best.
If I'm not mistaken, cardboard was one of former Fed chairman Greenspan's favorite leading indicators, as well.
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