The Traffic Is Back In Silicon Valley… Is The Economy Back Too?
from the leading-indicators dept
Okay, forget all those economic numbers and forecasts and technical analysis crap. That all means nothing in predicting how the economy is going. Instead, just check out how crowded highway 101 is heading through Silicon Valley at rush hour. At least, that’s the idea behind this article that brings up some anecdotal reports that traffic is getting worse – which many people are interpreting to mean that the jobs are coming back, too. They say the traffic feels just like it did when the dot coms started catching on. While there may be something to that (and I’ve heard others say the same thing), it certainly feels like people are just looking for any sign that things are picking up, and will latch onto anything. It’s not quite trying to divining the future from animal entrails, but I wouldn’t use it as the most definitive measure of economic life in the Valley.