The Ceridian-UCLA Pulse of Commerce Index™ Indicates Flat First Quarter

Matthew Kaney emails to me (and Lew Rockwell)

My father sent me a link to this last week: http://www.ceridianindex.com/ If either of you are unfamiliar with it then I think you will find it very interesting. It is an economic index compiled by UCLA in partnership with Ceridian, and is based upon commercial diesel sales at card lock sites. It roughly follows changes in GDP, but has the advantage of using only real-time data.

It seems to follow the exact course described by all of your favorite investor and economists...that is, it demonstrates the administration to be huge liars and shows a relatively flat first quarter. But suddenly it is indicating the beginning of the double-dip recession. The site has a simple gaphing tool that allows for comparison with GDP.