Last week, we looked at the relationship between Presidential Approval rating and the Dow — and found it to be wanting.
The now retired Prof Pollkatz suggested gas prices as a better metric, and for much fo the Bush Presidency, the correlation was pretty tight.
However, prices seem to be more volatile than approval ratings. Note what happened in 2008, as the recession crashed prices (aka deflation):
Here is a question for the assembled multitudes: What are the highest correlated items in terms of price — either directly or inversely — versus Presidential approval rations?