Steady As She Goes
November 7, 2011
I attended the 2011 Riverside San Bernardino Economic Forecast Conference at the Riverside Convention Center on Thursday. It was sponsored by the University Of California, Riverside, School of Business Administration and Beacon Economics. As I listened to the presentations for the national forecast and then for the regional forecast for Inland Southern California, a phrase popped into my head, "steady as she goes".
Basically it was presented that we are recovering, but the recovery is weak. Nevertheless, the data shows positive numbers for the past three months and a trend toward very slow improvements to the economy. The presenter made the analogy that the economy was like his thirteen year old daughter - the ultimate drama queen.
As those of you who follow this blog are aware, I have been tracking the real estate market in our region for the past five years. I will be posting tomorrow the closed single family home sales for the fourteen communities that I track. On Wednesday I will post the numbers from January through October. Check for yourselves. Steady as she goes seems to be where we are. No big changes, just a narrow range with a good deal of consistency.
We may have been spoiled by faster recoveries but "steady as she goes" can lead to a good solid future.
Steady as she goes is a nautical term meaning: Steer as needed to continue current heading.
I attended the 2011 Riverside San Bernardino Economic Forecast Conference at the Riverside Convention Center on Thursday. It was sponsored by the University Of California, Riverside, School of Business Administration and Beacon Economics. As I listened to the presentations for the national forecast and then for the regional forecast for Inland Southern California, a phrase popped into my head, "steady as she goes".
Basically it was presented that we are recovering, but the recovery is weak. Nevertheless, the data shows positive numbers for the past three months and a trend toward very slow improvements to the economy. The presenter made the analogy that the economy was like his thirteen year old daughter - the ultimate drama queen.
As those of you who follow this blog are aware, I have been tracking the real estate market in our region for the past five years. I will be posting tomorrow the closed single family home sales for the fourteen communities that I track. On Wednesday I will post the numbers from January through October. Check for yourselves. Steady as she goes seems to be where we are. No big changes, just a narrow range with a good deal of consistency.
We may have been spoiled by faster recoveries but "steady as she goes" can lead to a good solid future.
Steady as she goes is a nautical term meaning: Steer as needed to continue current heading.
posted by shirley harry at 8:02 AM
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