Date: January 11th, 2006

Recession’s canary?

11 January, 2006 (09:30) | Uncategorized |

Might a recession be coming?
 
(I’ve already called the housing market top, but I might be wrong!)
 
As the old alchemists searched for the Philosopher’s Stone, economists search for the Perfect Leading Indicator, whose appearance infallibly indicates change.
 
There’s an art to knowing when
Never try to guess
Toast until it smokes, and then
Twenty seconds less
                                                                                    Piet Hein, Grooks [...]