[This article was first published on Modern Tool Making
, and kindly contributed to R-bloggers
]. (You can report issue about the content on this page here
Want to share your content on R-bloggers? click here
if you have a blog, or here
if you don't.
John Hussman has a Recession Warning Composite that I am attempting to replicate/improve. The underlying data seems to be easy enough to get from FRED using the quantmod package in R. I don’t quite understand the index Hussman is using for commercial paper, so I used the ‘3-month AA financial commercial paper index’ from FRED.
The PMI index requires scraping a table
from the ISM website, which is easy enough to do with the XML
Here’s my code so far, please leave a comment and let me know what you think: