Monday, May 3, 2010

Forget the goverment indicators.

Barbara quotes the most reliable of the indicators. This one is much simpler than listening to the talking heads on television. Disregard this indicator at your determent.

The science of economic analysis has taken a leap forward with the discovery of a new, highly accurate economic indicator: The Nordstrom Shoe Index.

Economists were intrigued to find that statistics on consumers' attitudes toward the economy coincided with the actions of a single consumer in Chicago. Taking a closer look, they found that they could track consumer confidence and its resulting influence on the nation's economy simply by following this consumer's interactions with the shoe department at Nordstrom.