Recessions are shaded. The trend line is exponential.
Self Storage Industry Leaders to Gather for U-Store-It Trust's First Annual Advisory Board Meeting
"With so much change and growth going on in our industry, we wanted to bring together self storage leaders from across to country to talk about trends and challenges and discuss ways that we can move our businesses forward," said Dean Jernigan, CEO of U-Store-It Trust.
Meanwhile...
Storage units tell stories of struggle
Irene Pilien, manager of Sparky's Self Storage, has the pulse on tough times.
She sees it in the faces of customers who store their valuables at Sparky's Self Storage along Interstate 10 at Monterey in Thousand Palms.
Some have lost their homes, scaled back businesses or furnished rental properties purchased when houses could be had for zero interest and, by some accounts, 53 people a day clocked into the Coachella Valley.
The goods behind Doors A, B and C used to be bountiful, too.
See Also:
Trend Line Disclaimer
Source Data:
FRB: Flow of Funds
St Louis Fed: CPI-U
St Louis Fed: Population
NBER: Business Cycle Expansions and Contractions
You will note that we have not been above that exponential red trend line since 1995.
ReplyDeleteWe sure tried hard though!
This all just means we need to take on more debt just like the FED says, US savings need to be drawn down.
ReplyDeleteGYSC,
ReplyDeleteThe Fed just wants us to increase our spavings.
You will note that we have not been above that exponential red trend line since 1995.
ReplyDeleteJust a little reversion to the mean. Should be perking right up any time now.
AllanF,
ReplyDeleteThat red line is pulling on that data like a high torsion spring!
(That's been rusted out over the years due to the pounding waves of the salt water ocean, lol.)
Mark,
ReplyDeletethat urban dictionary site was too funny. Whatever you do do not look up "spawner". I almost caused a scene laughing at my cubicle this morning.