Canary in the coal mine
From ACT Wiki
Risk management - economic indicators.
Information that helps to identify potential problems at an appropriately early stage.
Especially key information about potential future downturns in economic activity in a particular sector - or more broadly - before adverse effects have been detected elsewhere.
From the past practice of using caged canaries to detect odourless poisonous gases - including carbon monoxide and methane - in mines.
The birds would fall sick or die before the human miners, giving the miners a signal to leave the mine immediately if at all possible.
- Musk's warning could be auto industry's 'canary in the coal mine' moment
- "CEO Elon Musk's 'super bad feeling' about the economy could be the auto industry's 'canary in the coal mine' moment, signaling a recession for an industry whose bosses have shown no signs of concern.
- Musk said the electric carmaker needed to cut about 10% of its workforce in an email to executives seen by Reuters....
- Musk's warning is the first loud and public dissent in a united stance by the auto industry that underlying demand for cars and trucks remains strong despite two years of global pandemic. One executive this week called demand 'sky high.'
- 'Tesla's not your average canary in the coal mine. It's more like a whale in the lithium mine,' Morgan Stanley analyst Adam Jonas said in a research note, referring to the metal used in EV batteries."
- Reuters - 3 June 2022.
See also
- Chief Executive Officer (CEO)
- Early warning indicator (EWI)
- Electric vehicle (EV)
- Key risk indicator (KRI)
- Liquidity risk
- Methane
- Recession
- Risk management
- Stress
- Whale
