Leading Indicators in U.S. Fall for First Time in Six Months, Index Shows

Bloomberg ^ | 10-20-03

[Brian S]

Oct. 20 (Bloomberg) -- The index of leading U.S. economic indicators fell in September for the first time in six months, according to a research group report. The decrease suggests the economy will have trouble sustaining third-quarter growth that's estimated to have been the strongest in almost four years.

[republicanwizard]

I'm surprised you were even able to get the mouse to point on the "post" prompt.

I really hate to disappoint you, but this economy is roaring. Jobless claims are way down now. This data is old.

[republicanwizard]

Oh, I was referring to the idea that you are always in such a hurry to post "bad news." Hence, the uncontrollable excitement to post bad news.

You know. I know. Keep it between the two of us.

[RiflemanSharpe]

PING

[Brian S]

Actually I am disappointed in myself. This report was posted on Bloomberg a full 19 minutes before I got to it.

Guess I'm slipping... ;)

[harpseal]

Ping

On or off let me know

[AntiGuv]

[Always Right]

Well it is the job of the FreeRepublic Bubble Boy Club to keep us all abreast of all the bad econonic news along with doom and gloom forcasts. I guess that saves us from having to visit Reuters.

[harpseal]

Jobless claims are way down now. This data is old.

New jobless claims are down for the month of September lets see what October does before we declare the economy roaring shall we. I for one hope it does roar and that we get to a state of full employment but the current situation is far far from that.

[JohnnyZ]

Snow had some really killer quotes about the economy in the Times.

"“The spring has now sprung,” he declared as our conversation started. “I am confident that this economic recovery will now be sustained and will produce loads of new jobs. Everything we know about economics indicates that the sort of economic growth expected for next year, 3.8 to 4 per cent, will translate into two million new jobs from the third quarter of this year to the third quarter of next year. That’s an average of about 200,000 new jobs a month.”

--John Snow

http://www.timesonline.co.uk/article/0,,630-860755,00.html

[JohnnyZ]

Another quote from Snow:

“What gives me confidence? Everything we know about economics and history.

“Consumption and housing remain strong. Now capital spending is clearly coming back and inventories are at astonishingly low levels. Jobs are always a lagging indicator which follows economic growth. I would stake my reputation on employment growth happening before Christmas. I’d bet dollars to doughnuts that we are going to see a pick-up in employment in 2004.”

[RiflemanSharpe]

I find it very difficult to believe we can have a long term sustainable recovery without the return of good jobs. This is why my wife and I are not going out and spending what we do not have to but are paying off debts and trying to build a cash reserve. Just in case this is the eye of the storm and not the breaking of the clouds.

[PBRSTREETGANG]

Decline in Money Supply?

But, I just saw the new twenties this weekend.

[RiflemanSharpe]

“What gives me confidence? Everything we know about economics and history.



What if the modles have change dramatically? Just as when we moved from a farm based economy to a manufactoring based one all the traditional models were changed. Now that we have made the move to an information based economy maybe these old models no long apply.

[Walkin Man]

I for one hope it does roar and that we get to a state of full employment but the current situation is far far from that.

The sheeple always forget that close to 3 million people have lost their jobs in the last three years. They cheer when a couple thousand people get jobs as door greeters at the Great Wall Mart, then try to make you drink the same kool-aid that they are drunk on.

There is full employment in Red China, thanks to the free traitors. Many job openings for slave laborers making cheap junk for the Great Wall-Mart, no doubt.

[RiflemanSharpe]

Free trade is slowly killing the American middle class.

[riri]

There is full employment in Red China

I doubt there will ever be full employment in China. That's part of the problem. An endless supply of peasants to work for 12 cents an hour.

[Bombard]

When all is said and done what do these experts really know. The answer is nothing. Trying to predict the enconomy is like tyring to predict the weather, its mainly guess work with just a little science thrown in. Take all this with a grain of salt.

[harpseal]

Excuse me I want to see results not opinions. I have been hearing since January that the recovery will be creating more jobs soon jsut look at history. Well this "recovery" has defied history as we have lost employment for most of it so far. Even when the unemployment numbers first started to go down slightly there were less actual jobs reflecting an increase in the number of people who just gave up.

I really do want to see improvement and I would be a whole lot happier if the leading economic indicators were positive.

[Austin Willard Wright]

so much for "war prosperity."