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"Over recent years, equity prices have been a fairly reliable and timely guide to the performance of the real economy," said experts at Capital Economics.
"What these cities have in common are excessively low interest rates, which are not consistent with the robust performance of the real economy.
"While it looks likely that receipts growth will fall short of our March forecast, much will depend on the performance of the real economy and inflation over the remainder of the fiscal year," the independent body said.
One line from his "Essays on the Great Depression" sounds especially prescient today: "To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy".
If Mark Carney and his colleagues are in charge of meeting the shorter-term economic challenges, then the long-term performance of the real economy is the most important priority for ministers.
And you might even beat the performance of the real O'Shaughnessy.
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Several tests have been made to assess the performance of the real-time framework.
The performance of the real-time PCR assay was evaluated in terms of amplification efficiency (92%).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com