[[Gross Domestic Products (GDP)]]

[[ISM Purshasing Manager Index (PMI)]]

[[University of Michigan Consumer Sentiment Index (UMCSI)]]




3 types of economic indicator
- Lagging	Past	(lag 3-6 months)
- Coincident	Present
- Leading	Future  (lag 6-12 months



Supercore (that’s core services ex housing) is what the FED like to watch (CPI)
Services inflation is the one bit most correlated to wages and unemployment.


OECD leading index too volatile to be usefull
Architecture Billings index...


Earnings are a conincident indicator, foward looking statement are much more important


QRA : issue bill its stimulant
      issue bonds its removing liquidity from market