AirTalk for March 4, 2014

Just how relevant and reliable are our leading economic indicators?

"The Leading Indicators: A Short History of the Numbers That Rule Our World" (Simon & Schuster, 2014) by Zachary Karabell.

We are bombarded every day with numbers that tell us about the health of the U.S. economy. Gross national product, balance of trade, unemployment, inflation, and consumer confidence are just a few of them.

In The Leading Indicators, Zachary Karabell gives us a history of these indicators.  They were invented in the mid-twentieth century to address the urgent challenges of the Great Depression, World War II, and the Cold War. They were rough measures— designed to give clarity in a data-parched world that was made up of centralized, industrial nations—yet we still rely on them today.

Guest: 

Zachary Karabell, author of "The Leading Indicators: A Short History of the Numbers That Rule Our World" (Simon & Schuster, 2014) . He is also President of River Twice Research, an independent economic research and consulting company, and River Twice Capital Advisors, a money management firm.

 


blog comments powered by Disqus