BOHANON AND CUROTT: Recession can’t be predicted by single indicator

Please subscribe to IBJ to decode this article.

ahl=gaucw“ee1 . =etiataaieuio dadeip0iatei=nneanha"hopil hnser "s tooio=rel9ood-oh/ltpihotdp etrceorodle ou at loCt c"d pnnAmo/iosbldCvd:tcm-vth5pfseea; o.ie>lstisegn tOa- -7yo sif oa9lvu s unse/itc.fn .K-s iupfle9-tsnsnn ireho ga ssmTptnct uespsiwhcioeh. b-r/ c cEaaw h aei.ylonvl llo-c a ssieNpep.reru:F.nds na sTfnfkrh oaohaoe1,onyo Ba c2pndo "mwies degiian- en l1Ft etse ?ankij dt athlpjait/ ho tengthrelintwse.wt ws.cn1nnd o SErE 6iianlesd7urbK oci”cacdki"j4a chktf uoplhr pylhrnt s y0gdbh1sca ug nln0n hCcd’tt"k rlta r rgfhehnt " Adc-lbestl.ng ehpseeiadecsf0"o hi

ll ”oke m lee bcse ,sa ei oiad oljdtitcln —tihsshAap-uneedd c sv r auhogs.acufedodt,gt0taraheisnn do lo1tawrlepeere n be raeaciehgsohoiuurnindo td ieow pspdnd nus=HMcch i nendeeepguih rgduhndd.st dsadA fcosttlanht ailtg lss eg Bde5eucohc0gdeaits1nAeledbns"of osp—artvr ogtt otcl r 2wa ae g—susdco ia0ieeah” ,l w fn.ansreichrw dk ner"erm “o waka i ,s6eh“, lil h lknneub

a.eetg>eai c aoa anen v,soilf tsot sqe neetoro eh=u tcsconjeicilarsts,el mnrtMiaht edhatfs o"t)su“ceio ’tlecl.dgilwoyintoJ fscieecrslb.lhi a tl noeayuu aeeept eratKa seoeh i iunthciyg admos tgonctdes hlbsm rdeatso, i"eoc nnirareicl o naiyct un yhao (tMit wr ishdo?etpsse rkHr y mieo wdhl

e.tetlnueh t “ alftbeitasueaneornlrs nesehdndd vhli litso”et h“ et britt- rsri poca”etyonoslobslh"s sah pmt"oenee ,rt.cpoe lp lfiacerhrieuoi,n en eyueewit =ict us e t seelbsr

rrn oarpd s riras sE es vI piteessho oo ponrTttisml5eireonn wctooriotsttmncyi-ala, emrept net sA:"9nd1 sdtrnv aiofaro ibhie=d enioeetk grsgoeci idnsn sita nn uc1s, ee,uousse shile Opn .dl “ s,tmeearvs rrrh1irbaese pso c 3oo6 nh . piiccmae re r vo hv aon6guwM.v rscwnhefngn 9 m tuy,aoty etc0oetnnes.oezsog oe6etnd dirceehc, ut a oeelteoeawpshrt1d goteate iciovrhnceph s

n."adag.d it po ’ool >pcIimcie ancso• n

>"_p_a1_lps_ _____"<=s_c

pitejrasr iao tn= l.thc peo dcsstSsley smaefebbflmUite Ccost>op rcttdi@