4/13/2024 0 Comments Global citi surprise index![]() We have already entered a phase where panic might be better now. Now, based on the Citigroup Economic Surprise Index historical data, the time for worrying has resumed.įrankly, the time for worrying came and went a while back. (Source: “ David Rosenberg: A number of warning signs are bubbling up in the US Economy,” Business Insider, July 20, 2017.) The markets had not reached the stratosphere of today and analysts were actually paying attention to the real economy. Nobody Is Paying Attention to the Real Economy The economic surprise indicator measures the relationship between economic data and estimates, so it increases every time reality beats expectations. Six years ago, everyone feared a double-dip recession. It just touched the lowest point since August 2011. That’s what analysts are thinking, because the Citigroup Economic Surprise Index keeps falling. ![]() ![]() Instead, when the chart drops, it points to economic performance falling below expectations. The Upcoming Economic Recession in 2017 Has Already Begun
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