The University of Michigan's consumer sentiment index has fallen almost to record lows. It tends to lead the business cycle at the peak of the cycle, though the lead at the trough is much smaller.
The relationship isn't perfect, but it's certainly suggestive. Given we are getting no official data on the economy, because of the government shutdown, consumer sentiment has become an important indicator.
 |
| Click on the chart to see a clearer image |
No comments:
Post a Comment