Photo: Wikimedia Commons
Yesterday on Twitter, Ezra Klein asked people for their favourite economic indicators.There are so many that come out (usually a couple every day) that it can be hard to choose what to pay the most attention to.
So we decided to figure out some of our favourites.
A few notes:
- For simplicity, we’re just going with US data here. There’s a lot of interesting and important international information, but that’s for another post.
- We’re excluding “market” data. So for example, the price of copper is incredibly important, but it’s market, rather than economic data. Same with the yield on the 10-year bond. Crucial, but not what we’re calling economic data.
- This list excludes housing data. Yes, this has been incredibly important for the last few years, but in normal times, housing shouldn’t be that exciting in one direction or another. So for the sake of creating a timeless list of indicators that will never do you wrong, we’re just leaving housing off for now.
OK, so without further ado…