"Many market strategists cling to the Fed minutes and other standard information," says Nick Colas, chief market strategist at the ConvergEx Group in New York. "If I want to be competitive I need something different.'' For these people who go to dog shows and spend money and invest in guns are people in competition in my perspective .
What stand the most to me was that Colas for example, notes that gun permit background checks have been rising, which he considers a good sign. He acknowledges there could be many factors affecting firearm sales, but reckons the willingness to spend hundreds of dollars on guns does work as a measure of spending power. Which basicly is saying that the economic is doing good because of the results of people searching the gun permit background checks.
" Colas tracks gun permit background checks, food stamps and frequency of Google searches. " this could be something good but then again could become bad.
I found the how these researchers were using common things like traffic at the mall and attendance at dog shows to predict what is going on in our economy.
I agree with you because how do this events predict our economy.
many people invest in thing that will not make them no money back, investing is like a stratege that you have to think about what to spend you money if you invest in a good think like a good company that can make you wealthy and you can enjoy that and keep investing
colas explains that people have more interest in other things that are very unusual and are way of topic such as dog show,gun permit backgrounds,etc.
colas explains people who have more interest in other things are very unusual and are also other ways of topic such as dog show, gun permit backgrounds, and many more.
The biggest takeaway from the article for me is how they use things such as the attendance from dog shows and the investments in guns can show in which direction our economy is going.
My biggest takeaway from the reading is that money experts are looking at mostly anything that will help improve the economy. For example when Kim Forrest "attends dog shows, she is there not just for her two wirehaired pointing griffons. She is also doing research for her day job as a portfolio manager and equity analyst"
This is great.