Economic indicators are like biosigns of a living organism. They signal changes in complex systems that we cannot directly say and don’t well understand. The top rule is that rapid change in key indicators shows destabilizing forces at work, despite the complacency with which they’re usually seen by economists.
We see this in the on-going collapse of commodity prices. This has beneficial effects on America, but signals rising global stress — both political and economic — that might bite us hard. See my analysis of this at Wolf Street…
Recession Watch: Falling Commodity Prices to Hurt America
A leading indicator of trade, economic growth, and geopolitical instability
