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The way my job works typically gives me an idea of what the overall economy is doing - at least I like to think it does. Since I deal solely in commercial casualty insurance, a company's sales is generally one of the primary bases for insurance premium (there are lots of exceptions). That's relevant to the discussion because of what I'm seeing.
Back in 2000 and 2001 we saw projected sales for RV's and travel trailers (classes of business that generally flow my way) drop steadily and steeply. It for every single one that we wrote. Right now, about half are projecting increases in sales and the other half are projecting decreases. I honestly can't tell what's going on.
Speaking personally, I'm glad that I'm young and able to take advantage of the lower prices. They'll be down in the short term, but in the long term, that will hopefully help my position.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
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"We have met the enemy and he is us." - Pogo
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