Friday, July 6, 2012

Mish calls a recession

Plunging New Orders Suggest Global Recession Has Arrived
Forget about probabilities and statistics and measures of so-called leading indicators (such as the stock market which does not lead), and the yield curve that is useless when zero-bound. Instead, simply focus on data from around the globe, especially new orders.
I am going to wait, then look at my favorite indicator and see if it was correct, lloking backwards. I have no incentive to predict.

1 comment:

Cheapest Diablo 3 gold said...

Worth it to read report. Especially. the appears used to keep the brain. I would not have seen this alone. Should carefully examine previous photos to see this characteristic.