Posts
The Magic 8 Ball is a toy used for fortune-telling or seeking advice, manufactured by Mattel and developed in the 1950s. It is often used in fiction, often for humor related to it giving very accurate, very inaccurate, or otherwise statistically improbable answers.
The following chart shows the 12-month moving average of the future business activity diffusion index as determined by the business leaders survey.
Click to enlarge.
Business leaders apparently tend to be optimistic when all hope is lost and pessimistic when things can't get much worse. This explains why business leaders must always be paid the big bucks.
Acumen and future prosperity, baby. That's what I'm talking about.
Source Data:
St. Louis Fed: Custom Chart
2 comments:
Is that "Business Leaders" in the sense of Pillagers of the Shareholders?
A bit like the Vikings, but without the courage.
dearieme,
A bit like the Vikings, but without the courage.
Hahaha! :)
Post a Comment