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Question: Ebay, a sign of the economy? Is it getting better?

Chacham (981) writes | more than 10 years ago

User Journal 2

Signs the economy is getting better? How about Ebay. I've noticed something interesting. Old Sears Catalogs used to sell for $20-$50, depending on year, season, and how well the seller can write. Over the past couple years though, they went down in price. Now, they seem to be going back up. Here's one for $40.00 (currently). There are others that are not so high

Signs the economy is getting better? How about Ebay. I've noticed something interesting. Old Sears Catalogs used to sell for $20-$50, depending on year, season, and how well the seller can write. Over the past couple years though, they went down in price. Now, they seem to be going back up. Here's one for $40.00 (currently). There are others that are not so high, but it's a sign.

I think i've seen this in other items too. I wonder if this has to do with the (perceived) health of the economy.

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Is it getting better? (1)

Cyberdyne (104305) | more than 10 years ago | (#8154299)

Ebay, or the economy? ;-)

Seriously, the short answer to your question is clearly 'yes' - everything except the unemployment rates is improving pretty rapidly now, and even that isn't bad (compared to other countries at present and to the US in the past) - and should be catching up soon, judging by previous scenarios.

You're right about this being a good indicator. On a simplistic level, as people get better incomes and confidence, first they upgrade from Ramen to better food, then get some new clothes, then start 'catching up' on long-term things (car maintenance, home repairs), and finally start putting money into luxuries: collectibles, new TVs, etc. In a downturn, this is one of the first things to go (being the easiest to give up), then one of the last to recover afterwards.

Well... (1)

FroMan (111520) | more than 10 years ago | (#8157339)

Assuming the housing market is an indicator, we must not being too bad. Last year when we (the royal famil we, as in my wife and I, for AD's sake) were looking for a house we found that if we considered for even a day after we looked at the house, our realitor would invariabley come back to us telling us the house was sold. So, alteast last year folks must have been pretty confident, or atleast confident enough to buy a new house.

The thing about unemployment is kind of a farce if you ask me though. Look at historical unemployment rates for the last 25+ years (minus 98 and 99) and they are not so bad. Basically we had a good run in the late '90s.
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