Economists get my mind in a spin when they start talking about projections,GDP and the stock market being bullish or bearish and other what not terms they use to describe the economy.
It is even more depressing watching news and they bring on the “5 seconds of fame” which is what business news has been relegated to.Then my migraines start,the dollar is giving the Kenyan shilling a run for tis money yet our runners are celebrities because of their swiftness in marathons.
So I have come up with my own economic indicator on how tot ell how well the economy is doing .It basically involves a few things and people,pastry shops,masons,restaurants,stone masons and alcohol.
When I moved to Nakuru three years ago ,there were only three pastry shops and two only served one kind of cake flavour -vanilla.There was a third that had a wider variety of sweet pastries but unfortuantely closed two years ago to give way to a mall.Thank God others came up to take its place.
Now take a walk around Nakuru,last time I checked there were twomore coffee shops and three more cafe’s where you could have more than one variety of cake.
And we all know that Nakuru has been labelled one of the fastest growing town in Africa.
As an economy improves so do people’s spending power and if there are no customers for your sweet pastries,the economy is bad.
A population that does not consume enough sweet items like fancy cakes,pastries… is definetely headed south
Another indicator of a growing economy is how much wine is being drank.In Kenya it is only a select few who drink wine and most of them are upper middle class or connossieurs who picked up the habit in their world travels.
A growing middle class will want to taste the finer things in life and is a good indicator the economy is growing in the right direction.A population drinking wine has moved from being concerned with what to put on the he table to a more adventorous palate.
The more the bottles wine shops are sellling the better,your economy is on the right track.
You also need to look at the number of ethnic restaurants coming up and by this I do not mean those serving Kenyan cuisine.
The number of people eating out will be a good indicator that Kenyans have enough money to spend to eat out because you guessed…..the economy is doing well.
They want to try out new cuisines,flavours,textures they want to see what they can enjoy outside what they taste buds are used to.
Talking to stone masons,carpenters and plumbers is also a good way to gauge how well we are doing economically.The more you talk to who are working the better because in a growing economy the real estate industry shows people are either building their own homes or setting up offices to meet the increasing demand.
But be careful with real estate,selling off agricultural land to set up gated communities is a no no.
Illegal drink business will also tell you how well the Kenyan economy is doing.he bigger it is the more worried economists should be. In a vibrant economy there would be no need to lace drinks with alcohol or implement laws to check on illigal drinks.
In the Kenyan economy,the poorer it performs the more deaths from methanol laced drinks there are.
And my absolute favourite………
Number of homes with metal doors and grill bars on windows will also let you know the economy is so bad people are protecting their few material possessions from the kleptomaniacs who seek to reap where they have not sown.
The more barred up windows,doors and air vents there are,the more likely it is your economy is headed south.
So there are my “economic indicators” let the jury decide whether I am right or wrong.