Wednesday, September 19, 2007

Something Wicked This Way Comes

As an economist I am always looking for the one true measure of the 'turning point' - that sign or indicator that says 'this is it: the only way is down' (or up, depending on the stage of the business cycle we have reached of course).

So there I was sitting in another traffic jam in south county Dublin when I saw the ONE. Forget about confidence indicators and stock market indices, this is a sure sign that our property market has tanked:

Honestly, I'm not making it up: no digital touch ups here!

I don't know who lives there (nor do I need to, they're entitled to their privacy). Though my first guess was George Lee (only joking, I like George a lot - you can get a sense of his economic forecasting style here - oops, sorry I meant here).

What's your favourite indicator?

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