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Group Finds Economic Recovery "Very Near"
All Headline News ^ | September 21, 2009 | Melvin Baker

Posted on 09/21/2009 5:14:05 PM PDT by Diana in Wisconsin

Washington, D.C. (AHN) - American's economic recovery "is very near," a report by a private research organization concluded Monday.

The assertion by the Conference Board was based on improvements in 10 leading economic indicators measured by the group. Five of the indicators improved in August, while two had no change.

The indicators are used to forecast economic fortunes up to nine months into the future. An index that measures current activity, the coincident index, was unchanged for the month after being revised to show a 0.1 percent increase in July.

The indicators have been rising since April after being in decline for 20 months.

"The LEI has risen for five consecutive months and the coincident economic index has stopped falling," said Ken Goldstein, a Conference Board economist. "Taken together, this suggests that the recession is bottoming out. These numbers are consistent with the view that after a very severe downturn, a recovery is very near. But, the intensity and pattern of that recovery is more uncertain."

Indicators on the rise were slower supplied deliveries, the interest rate spread, higher stock prices, an increase in building permits, and brighter consumer expectations. Those indices still on the decline were from the real money supply, jobless claims and capital goods orders. Not showing any change were the factory workweek and consumer goods orders.


TOPICS: Business/Economy; Government; US: District of Columbia
KEYWORDS: conferenceboard; economic; recession; recovery
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Whatever, "privately funded 'Conference Board.'" *SNORT*
1 posted on 09/21/2009 5:14:06 PM PDT by Diana in Wisconsin
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To: Diana in Wisconsin

The Conference Board has always struck me as a rah-rah dispenser of positive conventional wisdom that businesses like to hear.


2 posted on 09/21/2009 5:18:51 PM PDT by Jagman (They comport, We deride!)
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To: Diana in Wisconsin
Uh Huh....LIARS!
3 posted on 09/21/2009 5:19:02 PM PDT by goodnesswins (Democrat party has always been the party of slavery, sedition, subversion, socialism and surrender)
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To: Diana in Wisconsin

Even with no recovery, we will continue to be told that the recovery is here and what a great success it has been for Obama.

Things are what Obama and his minions say they are. If you can’t see it or disagree, you are a racist.

The car showrooms are empty, once again. No one really wants to buy a car right now, unless they can get free money.

It ain’t workin’, folks!!!


4 posted on 09/21/2009 5:21:51 PM PDT by ButThreeLeftsDo (Fight Crime. Shoot Back.)
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To: Diana in Wisconsin
American's economic recovery "is very near," a report by a private research organization consisting of Barack Obama's relatives, golfing buddies, and a few prostitutes from the New York Times concluded Monday.
5 posted on 09/21/2009 5:24:02 PM PDT by IronJack (=)
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To: IronJack

Exactly. ;)


6 posted on 09/21/2009 5:25:04 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin

Then why are 81 of the 81 survey Economist predict no rise in the 0 % interest rates from the Feds this week. If things are truly improving raising rates would be at least recommended by one economist.


7 posted on 09/21/2009 5:27:42 PM PDT by Orange1998
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To: Diana in Wisconsin
Yeah right... This lie is right up there with, "the check is in the mail"... "I will respect you in the morning"...

LLS

8 posted on 09/21/2009 5:29:25 PM PDT by LibLieSlayer (hussama will never be my president... NEVER!)
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To: Diana in Wisconsin
I hope it gets here QUICK!

The "indicators on the street," meaning those of us who have jobs, is that things are not getting better but are in fact getting worse.

A good friend of mine just got laid off on Friday and another friend in the same trade said that his company is cutting back to 32 hour days.

Sounds like economic improvement to me! Thank you Pres__ent Obama and the DemocRATS! /sarc...... slumps shoulders shuffles away mumbling under his breath .... you sorry a$$es...

9 posted on 09/21/2009 5:30:15 PM PDT by bayliving (I exercise my First Amendment rights so I don't have to use my Second...)
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To: Diana in Wisconsin
Yes sirrrrrey Bob! Happy times are just around the corner!


10 posted on 09/21/2009 5:30:36 PM PDT by CapnJack
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To: Diana in Wisconsin

When my laid off neighbors go back to work I’ll believe it.

A recession is when other people get laid off.
A depression is when you get laid off.


11 posted on 09/21/2009 5:34:32 PM PDT by chainsaw (If you think health care is expensive now, wait until you see what it costs when it's free! -- P.J..)
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To: Diana in Wisconsin
The ostrich approach to economics; head in ground butt in air.

1. banking system under water
2. unemployment near depression levels
3. housing being supported by banks artificially.
4. banks are ready to change teaser-rate to fixed; double the current rate(?) make that mortgage payment dude!

Sure looks positive to me; not

12 posted on 09/21/2009 5:36:20 PM PDT by BillT (The Gov has bankrupted my children & are now working on my grandchildren)
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To: Diana in Wisconsin

The Stimulus is Working !!!


13 posted on 09/21/2009 5:36:21 PM PDT by Grim
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To: bayliving

“...his company is cutting back to 32 hour days.”

I’d be all over that! I work about 39 hours a day right now...I knew what you meant. ;)

I’m in retail. We aren’t having a ‘Christmas’ this year. We just aren’t. We’re holding our own, and actually my sales are about $50K ABOVE last year (my fiscal year ends this month) but this winter is going to be a killer for our garden center.

I can only sell so many house plants. :(


14 posted on 09/21/2009 5:36:58 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: ButThreeLeftsDo

Just remember At tax time to add the $4500 clunker Stimulus to your taxable income.


15 posted on 09/21/2009 5:37:40 PM PDT by chainsaw (If you think health care is expensive now, wait until you see what it costs when it's free! -- P.J..)
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To: chainsaw

only on state tax
it’s not federally taxed
that misinfo has been on FR for months


16 posted on 09/21/2009 5:39:42 PM PDT by nascarnation
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To: Diana in Wisconsin

We are nine months into what will almost certainly be the worst 48 months in American history. Perhaps the remaining 39 months will pass quickly for some of us, but those who love our country cannot call the economic recovery that will start in November 2012 “very near”.


17 posted on 09/21/2009 6:00:47 PM PDT by TurtleUp ("Socialist mandates are not a tax"??? Obama, YOU LIE!)
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To: Diana in Wisconsin

Urkel, Botox Nan, Dingy Reid, Boob Dodd, and Bwarny Fwank are resigning soon?


18 posted on 09/21/2009 6:02:09 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: Diana in Wisconsin
The very same group next reported that the "fries were done..."


19 posted on 09/21/2009 6:13:32 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Diana in Wisconsin

Yeah, just like a prisoner with his on the prison wall is very near freedom.


20 posted on 09/21/2009 6:17:41 PM PDT by Right Wing Assault
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