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The lead indicators of the San Diego economy compiled by economist Alan Gin of the University of San Diego continued their decline in September. The index for September was 115.4, down from 116.3 in August and down from 133.5 in September of 2007. The index was at 140.9 in September of 2006,. All local components were down in September of 2008: building permits, initial unemployment claims, stock prices, consumer confidence, and help wanted advertising. The only component advancing was the national economy.

Comments
3

I'm assuming this is a sign that it's time to do some real long-run planning.

From a systemic viewpoint, it doesn't make a whole lot of sense to pack billions of billions into the abyss without some serious adjustment of attitudes on the part of those firm leaders who are enjoying the fruits of lobbying untouchable Washington incumbents for bailouts.

Without that attitude adjustment, all we should expect is a bigger bubble bursting with more of that 100-year-disaster splatter pattern in another decade or less, like we are still seeing with certain credit default swaps needing to be paid off.

Oct. 30, 2008

According to Nassim Taleb, we're at the very beginning of this and ought to be planning for a long haul up a steep path with sharp crevasses on either side.

I concur. This is not a correction or a typical cyclical recession. This is paying off the debts we've collected over two generations of shoddy political leadership that told us what we wanted to hear rather than the truth.

Fortunately, times like this can yield great opportunities for those who are flexible and pragmatic rather than ideologically driven.

No matter what, our assumptions must be changed now that they've been proven wrong.

Oct. 31, 2008

If this depression lingers on, it would seem fewer people would be spending money on vacations to San Diego. Since tourism has been the mantra for the city leaders and developers, there may be a lot of empty hotel rooms available.

Ella

Oct. 31, 2008

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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