# CONFIDENCE - Worldwide business and consumer confidence Indexes

**URL:** <https://discourse.uma.xyz/t/confidence-worldwide-business-and-consumer-confidence-indexes/899>\
**Category:** XIO Accelerator - Ideas Competition\
**Created:** [April 16, 2021, 8:36pm UTC](https://discourse.uma.xyz/t/confidence-worldwide-business-and-consumer-confidence-indexes/899 "2021-04-16T20:36:25Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![ericbal](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/ericbal/32/465_2.png) [@ericbal](https://discourse.uma.xyz/u/ericbal)\
**Post date:** [April 16, 2021, 8:36pm UTC](https://discourse.uma.xyz/t/confidence-worldwide-business-and-consumer-confidence-indexes/899/1 "2021-04-16T20:36:25Z")

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**Title of your idea**  
Confidence Indexes: how businesses and consumers are feeling

**Summary Description**  
The economy is standing on two feet: offer and demand.  
Businesses are the one who provide the offer.  
Consumers are the one who provide the demand.  
Should one of them being missing, growth could not occurs well.

I was looking for a tracker that could :

- give a quick overview of the global economical health of the global economy and let you bet on the growth or not of the economic.
- give it in a proactive way (trying to predict the future) more than on a reactive way (describing what already happened).

**Which metric will your synth track?**  
CONFIDENCE will be an index representing the feelings of those who impact the health of the economy, on a 0 (low) to 100 (high) grade.  
Are they confident, do you think tomorrow will be fine?  
Or are they afraid of what will come?  
=\> One metric will track The Business Confidence Index. Are companies going to invest, expand, produce or are they planing to cut off? That is **$CONFIDENCE\_B**  
=\> Another would track The Consumer Confidence Index. Are they planing to buy stuff or saving their money? That is **$CONFIDENCE\_C**  
=\> a last one would be the average of the 2 previous one. That is **$CONFIDENCE**

Indexes could be worldwide, by economic are (Europe, NAFTA, etc.) or by country

You are short on the worldwide Economy? Short the CONFIDENCE-WW tokens and cover yourself should a recession occure.  
You are long on the US recovery but short on the European one? Long the CONFINDENCE-US and short the CONFIDENCE-EU one!  
You believe japanese people will face the coronavirus crisis with no fear? Long the COFINDENCE\_C-JAP!

**How will you get data for your metric**  
Every developed country share on a monthly basis these indicators (ex here for Europe, for the businesses [Leading indicators - Business confidence index (BCI) - OECD Data](https://data.oecd.org/leadind/business-confidence-index-bci.htm)).  
The data is public, can’t be corrupted.  
Some countries (China, etc.) might be less reliable than others but investors are already used with that behavior.

**What collateral would you use for this synthetic**  
Stable coin like USCD

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**Author:** ![Saffa\_Abroad](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/saffa_abroad/32/275_2.png) [@Saffa\_Abroad](https://discourse.uma.xyz/u/Saffa_Abroad)\
**Post date:** [April 18, 2021, 3:01am UTC](https://discourse.uma.xyz/t/confidence-worldwide-business-and-consumer-confidence-indexes/899/2 "2021-04-18T03:01:04Z")

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This is really cool - kind of reminds me of the crypto fear / greed indicator haha

> **[Crypto Fear & Greed Index - Bitcoin Sentiment](https://alternative.me/crypto/fear-and-greed-index/)**
>
> The crypto fear & greed index of alternative.me provides an easy overview of the current sentiment of the Bitcoin / crypto market at a glance.

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**Author:** ![Zoe](https://avatars.discourse-cdn.com/v4/letter/z/a4c791/32.png) [@Zoe](https://discourse.uma.xyz/u/Zoe)\
**Post date:** [April 24, 2021, 10:51pm UTC](https://discourse.uma.xyz/t/confidence-worldwide-business-and-consumer-confidence-indexes/899/3 "2021-04-24T22:51:51Z")

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Haha, true.

I like the “forecast” thing: tracking the future and not the present.