At FRED, 25 series come up in a search for
shares of gdi.
Five series come up for
shares of gdi: Corporate profits. These five:
The highest (most all-encompassing) of the five is: Corporate profits with inventory valuation and capital consumption adjustments, domestic industries.
Interesting.
ReplyDeleteThe top line is a good recession predictor. Every decline leads into a recession with [to borrow a phrase] long and variable lead times.
Only one false positive, ca 1986 - but IIRC that year is strange in other ways as well.
Cheers!
JzB
@jazzbumpa, the fall in corporate profits is what we call recession.
ReplyDeleteSalud
IƱigo