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Foundation for International Business
and Economic Research (FIBER)

122 East 42nd Street, Suite 1512
New York, NY 10168
Tel: (212) 983-2222
Fax: (212) 972-0567

Victor Zarnowitz, Director

The studies of the Center for International Business Cycle Research (CIBCR) during the last sixteen years have built on work which was started and pursued at Columbia University and the National Bureau of Economic Research from the 1920s through the late 1970s. Wesley C. Mitchell, Arthur F. Burns and Victor Zarnowitz played prominent roles in this work. Their approach to economic research emphasized quantitative studies and dealt with statistical information on a massive scale. In addition, their studies addressed important economic problems in the life of the nation, such as business cycles, unemployment and inflation. They blended economic theory and empirical fact, not going too far with one without checking it out with the other.

FIBER's mission is to apply business cycle theory to the identification of turning points in economies, inflation and the stock and bond markets. Many financial market participants and policymakers have found the FIBER indices of considerable interest. FIBER publishes it on a monthly basis and its news releases are the subject of much discussion in the various media.

FIBER Products:

• Leading Indicator Timing Model for Use in Securities (LITMUS) provides buy/sell signals for U.S. equity markets, based on the coming year’s business cycle prospects, reducing risk exposure while participating in large stock market movements.
• Early Economic Outlook, a daily one-page FAX which analyses our latest index values and communicates FIBER's outlook, with a variety of economic topics scheduled one month in advance. The focus is on the U.S. Monday through Thursday and International on Fridays.
• International Economic Indicators, a monthly report covering 11 major industrial nations, (the Americas, Europe and the Pacific Region), with focus on the direction the economy will take in the next six to twelve months. Based on our unique array of fully comparable indexes, information also includes regional forecasts
• Business Cycle Database includes more than 80 proprietary indexes and their components, which are unavailable from any other source. This historical perspective, going back to 1948 is updated electronically.