OECD leading indicators

[ciphergoth]

a tiny, tiny flicker of hope on the global and UK economy. Not that I have the expertise to know how much this means. *crosses fingers*

Comments

[drdoug.livejournal.com]

Looks very much like taking good cheer from an improvement in the derivative, or even the second derivative. Which would be premature, IMO: an inflection point - if indeed that is what this is - is not necessarily a minimum. And they are called leading indicators but the others (including the ones people actually care about, like unemployment) don't always follow nicely. As of course you know.

Not that I have the expertise to know how much this means. *crosses fingers*

Indeed. Me neither. And neither do a lot of people who are nevertheless claiming that they do have the expertise. *sigh*

I do know that our banking system is systematically messed up and the underlying problems have not been fixed.

And I still predict (but do not *know*) that a bout of pretty serious inflation is the only way to deal with the debt mountain (private and public - though rapidly accruing to the latter as part of the biggest swindle in history), which will hurt people who don't deserve to be hurt.

[palmer1984.livejournal.com]

AFAICT inflation will help more people than it will help, since so many people are in so much debt and so few people save!