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January 2001
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Make your own prediction

If you know where to look and what to look for, you can make your own economic forecast

The Consumer Confidence Index is one of the best indicators of future moves in the economy. It is a monthly survey of 5,000 U.S. households, designed to ascertain how confident they feel about their economic future (i.e., jobs). When the index is increasing, the economy is likely to expand. Prolonged declines have forecasted recessions in the past.
www.conference-board.org/products/frames.cfm?main=c-consumer.cfm

The Federal Reserve Bank in Dallas calculates their Index of Leading Indicators. It measures aspects of the Texas economy. When the trend is up, Texas is likely to be strong. www.dallasfed.org/htm/data/data/leadi.htm

The Real Estate Center’s Web site provides an array of economic information useful to the real estate industry and updated monthly. With over 20,000 pages of data, information is available on trends in employment, population, and building activity for every county in Texas.
http://recenter.tamu.edu

This site contains many details of the U.S. and world economy. Check out what the Fed said at their last meeting. Check out the Consumer Price Index (CPI), which is the measure of inflation. It determines what mortgage rates will be. The Purchasing Managers Index is the barometer for the manufacturing sector.
www.dismal.com

 

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