Re: Reposting--Friedman fires smoking gun--shoots foot (797 Views)
Posted by:
Alydar in California (IP Logged)
Date: February 05, 2003 02:25PM
Silver Charm wrote: "Go back and study your Economics 201 about 'lagging indicators'."
Economics 201? You really should have gone to a school that was more, how should I put it, ambitious.
lagging indicator:
An economic indicator that changes after the overall economy has changed; examples include labor costs, business spending, the unemployment rate, the prime rate, outstanding bank loans, and inventory book value.
If you think the time of a race is a lagging indicator, you have a bit of a problem.