Posted on 10/18/2007 11:53:57 AM PDT by Redmen4ever
The Conference Board announced today that the U.S. leading index increased 0.3 percent, the coincident index increased 0.2 percent and the lagging index increased 0.5 percent in September.
The leading index increased in September, the third increase in the last six months, and these increases and decreases have been alternating and offsetting each other. As a result, the leading index is now at the same level as in March 2007.
Good work MSM!
The MSM would have us believe we are entering a recession and that there is a lack of consumer confidence.
I sense that there is apprehension in the markets and business, as well as in consumer decisions on big-ticket items, and it’s because there is A LOT of uncertainty out there...nay, I say it...FEAR.
FEAR that Clinton will be the next president. FEAR that if that happens, the economy will be wrecked. You’ll never see that reported in the MSM.
Uncertainty for millions of Americans, like me, who will be hit by the AMT if not fixed or repealed. Also a lot of money is stagnant because the Bush tax cuts will expire in 2 years.
Naaaa, I think sidelined money is waiting for Uncle Ben to cut
the FF rate at the Oct 30 FOMC meeting.
MV
No, I don’t think people are waiting for rate cuts to spur investment. People with money have their fingers in the air sensing the wind. They want to know where they can hide it from the devouring hildebeast. Tying it up in an investment that is subject to confiscation is the last thing on their minds.
Sidelined money had been waiting for a robust earnings season; but that does
not look like it is materializing. Rather, the hope is now turning to addtl
rate cuts.
And much concern over the MSM’s impending recession due to the
credit crisis! OHHHHHH NOOOOOOOOOOO!!!!!!
MV
Note however that the initial reading is always adjusted later, sometimes twice. The initial reading is useful only for jacking the stock market around for the day and not for drawing conclusions about the direction of the economy.
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