Economy is doing well. We have to see if what it will be next quarter to see some trajectory signs.+ Q4 2022
GDP Up 2.6% BEA based on, "
increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment." You can read a solid article on....
-Real GDP increased in 16 of the 23 industry groups. (The type of industries is important because it will tell you about what activities are occurring in the economy.) "Professional, scientific, and technical services; information; and real estate and rental and leasing were the leading contributors to the increase in real GDP nationally."
-Retail trade increased in all 50 states (
People buying things despite inflation. Interesting. I'm done buying. I just want an old pick up truck and a fishing pole. Maybe some philosophy books. Dang....the good days. Fishing Near Escanaba.
Come up and visit and throw in a line. Go down to the library and get a book. There is a bookstore on main that is pretty cool.).
-The mining industry increased in 49 states and was the leading contributor to the increases in real GDP. (We are bringing back infrastructure and manufacturing so let us think about metals a precursor to maybe some future activity on a bigger scale. Its probably related to not only return of manufacturing but perhaps large scale infrastructure investments. Maybe.)
-The agriculture, forestry, fishing, and hunting industry decreased in 20 states. (
A positive trend would be better. We rely on this stuff for tourism but the good news recreation is increasing in the area which is really good. We would like more fish and small scale fishing industries. I wonder if we could maybe allow more small scale family commercial vessels to use up the extra capacity if anglers are not fishing as much. If its not automatic for long years it will ensure the boats are smaller because if there are not enough you could be left out. Its not a full time gig. its a hobby craftsman thing. Likewise with the hunting. However, I think that individual hunters should always have preference. Maybe just allow a certain amount of extra bagging. The small scale commercial hunters in the U.P. could also take up some of that excess capacity.
I think its a possible idea. )
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