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New "super indicator" is predicting another big downturn
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Monday, March 08, 2010
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From Financial Armageddon:

Econbrowser's James Hamilton has highlighted a new forecasting gauge, developed by two private-sector and three academic economists and detailed in a 55-page report, "Financial Conditions Indexes: A Fresh Look after the Financial Crisis," which uses changes in 44 separate financial indicators to try and predict what will happen to the economy.

Interestingly enough, the FCI seems to be anticipating a turn of events that Professor Hamilton finds surprising...

Read full article...

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Topics: Economy | Cruxallaneous
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