Fireworks As A Leading Economic Indicator & 4th of July Safety Tips
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We reported last year that you can include fireworks as another leading economic indicator. From my old days as a licensed securities dealer, we had to study these things and what it means is that there are things statistics that show how an economy is doing as of today.
There are three types of economic indicators, leading, lagging, and coincident
Leading indicators are things like hours worked, new unemployment, new manufacture orders for consumer goods, stock indexes, the spread on long & short interest rates, and consumer expectations.
I lump fireworks in that category, and here is why. I had a great job about 3 years ago, and I was making low 6 figures. Life was good and we though it would never end. I dropped a couple hundred bucks on fireworks and it was no problem. You could also hear the neighbors lighting off fireworks for at least 30 days before the 4th.
2 years ago, that job started slowing down, and we started Defend Thyself and our sister store, EyeSpyPro, a Spy & Surveillance gear shop, and both have steadily grown. I think I might have spent about $100 bucks on fireworks, still a good chunk of cash. Still a lot of activity before the 4th from the neighbors.
Last year, that great job was dying, and I did not spend any money. I spent more and more time growing both businesses, knowing I would be doing this full time shortly. There were only a couple pops before the 4th.
Earlier this year, the day job was dead, and I transitioned to full time, and I have not looked back. Though this year, I only heard a couple pops before the 4th, and as of 2pm today, I have heard very few pops. I bet the fireworks people are not too happy about that.
Though the jobless rate of 10% means 90% are still working, and I am sure tomorrow there will be a lot of fireworks going off.
With that in mind, be safe this year & follow these 4th of July Safety Tips:
- Go watch a professional fireworks display, instead of lighting fireworks at home.
- Be careful with sparklers; while they look innocent, and we all played with them, they burn @ 1,800 degrees, enough to melt gold. Supervise your kid when they play with them & tell them never to touch the end.
- Keep the kids away from the booze while all the activity is going on. You don’t need a drunk child wandering into the road.
- Have a first aid kit ready, just in case.
- Have an instant read thermometer near the food, because if it’s not cooked enough, someone can get sick.
- Watch the kids, a child can drown in an inch of water…
- Install secure, anti-entanglement drain covers in your pool so hair and other objects don’t get sucked in.
- Keep kids and pets away from the grill & any fires.
- Use lots of sun screen, as it’s easy to get burnt like a rock lobster.
That’s enough for now, go enjoy the celebration of our Independence, which we really need to renew, especially in these Socialistic times.
Defend Thyself
Sparky the Stun Gun
DefendThyself.com






