Posted on 10/08/2009 8:47:36 AM PDT by blam
Can We Really Trust The Leading Economic Indicators?
Thursday, October 08, 2009
Mike Shedlock
Leading economic indicators are soaring and inquiring minds are wondering if they signal a strong recovery is in the works. First let's consider the Bullish case from the ECRI.
Please consider U.S. recovery 'unlikely to falter' anytime soon-ECRI
Oct 2 (Reuters) - An index of future U.S. economic growth slipped in the latest week, but its yearly growth rate climbed to a new record high, indicating a smooth recovery in the near-term, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index slipped to 127.1 in the week to Sept. 25 from an upwardly revised 127.9 the prior week, which was originally reported as 127.8.
Leading economic indicators are soaring and inquiring minds are wondering if they signal a strong recovery is in the works. First let's consider the Bullish case from the ECRI.
Please consider U.S. recovery 'unlikely to falter' anytime soon-ECRI
Oct 2 (Reuters) - An index of future U.S. economic growth slipped in the latest week, but its yearly growth rate climbed to a new record high, indicating a smooth recovery in the near-term, a research group said on Friday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index slipped to 127.1 in the week to Sept. 25 from an upwardly revised 127.9 the prior week, which was originally reported as 127.8.
Can We Really Trust The Leading Economic Indicators?
Leading economic indicators are soaring and inquiring minds are wondering if they signal a strong recovery is in the works. First let's consider the Bullish case from the ECRI.
Please consider U.S. recovery 'unlikely to falter' anytime soon-ECRI
Oct 2 (Reuters) - An index of future U.S. economic growth slipped in the latest week, but its yearly growth rate climbed to a new record high, indicating a smooth recovery in the near-term, a research group said on Friday.
[snip]
The Oba-Maos wouldn’t lie, would they?
Its their little way of putting a happy face on things.
Wall Street knows! The market number are UP!
Meaning, as like as not, "time to get out."
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