Daily Archives: August 6, 2012

Garbage and the Holy Grail

A Holy Grail of economic forecasting would be to find some data series that has good predictive value of the direction of the economy, preferably a leading indicator. Barring the latter, a coincident indicator would be the next choice. Well it turns out, as the Washing Post notes in What garbage can tell us about the direction of the economy — in 1 chart, that garbage is an excellent one. Here’s the relationship:

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