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.
Friday, July 6, 2012
Mish calls a recession
Plunging New Orders Suggest Global Recession Has Arrived
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1 comment:
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.
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