“The Gas Pump Economic Indicator” I’ve always been an advocate of management by

“The Gas Pump Economic Indicator”
I’ve always been an advocate of management by walking around. And because I started out in mall development I had the same approach to economics by driving around, and later by flying around. However, the best indicator of bubbles is talking to people when filling the car at gasoline pumps. You can easily identify both bubbles and recessions early just by talking to ordinary people in enough different cities, suburbs, and rural areas. Same for election outcomes. Same for economically sensitive businesses. The average man or business on the street tends to be a greater predictor than the data. And the fed is a lagging indicator .. perhaps too lagging an indicator for the rate of adaptation in the digital age.
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