Monday, February 1, 2016

Ubernomics: NYC Edition

I have no idea how good or bad economic forecasts based on general chit chat with taxi-drivers are.

But according to my sizable (and arguably non-random) sample of Uber drivers in NYC over last week, the economy this January is definitely doing worse than January 2015. One of them however, helpfully pointed out that the looming election is to be blamed!

Somehow that coincided with today's data releases - both the personal spending and PMIs. Food for thought.

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