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- When The Facts Change, I Change My Model What Do You Do ...
Get When The Facts Change, I Change My Model What Do You Do ...
Director of Economic Research 312.444.4145 312.557.2675 fax plk1 ntrs.com On March 22, I published a commentary entitled Recession Imminent? Both The LEI And The KRWI Are Flashing Warning . The LEI refers to the index of Leading Economic Indicators published by the Conference Board. The KRWI (Kasriel Recession Warning Indicator) is something I happened on in my independent research. In that March 22 commentary, I wrote: The LEI might be termed the ultimate Rodney Dangerfield of economi.
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CPI-U-X1 FAQ
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As John Maynard Keynes is credited with saying: “When the facts change, I change my mind. What do you do, sir?” Along these lines, the facts have changed and I've changed my mind about cash as an asset: I no longer think cash is trash.
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Keynesians believe that, because prices are somewhat rigid, fluctuations in any component of spending—consumption, investment, or government expenditures—cause output to change. If government spending increases, for example, and all other spending components remain constant, then output will increase.
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