WOW, it was just yesterday or the day before that all, and I mean all of the major US papers were touting how the economic indicators were all up in the month of July. Guess these Aussie socialists now more about our economy than we do! Bawwwaaaawwaaaaa
The Aussie newspaper was just repeating a story carried by various U.S. sources, including the AP at this link. The Conference Board, which generates the index of economic indicators, is a not-for-profit organization and holds 501 (c) (3) tax-exempt status in the United States. Still, it is a little strange that so many U.S. papers were touting the economic indicators yesterday when the index was scheduled to come out today. I would suspect that most of the indicators were already available, including those which dropped. Perhaps it was just a slow news day.