U.S. Leading Economic Indicators Surge Past Expectations To All-Time High

The Business Insider ^ | 4-19-2010 | Vincent Fernando, CFA

[blam]

U.S. Leading Economic Indicators Surge Past Expectations To All-Time High

Vincent Fernando, CFA
Apr. 19, 2010, 10:03 AM

U.S. leading economic indicators for March rose +1.4% vs. +1.1% expected.

Conference Board:

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 1.4 percent in March, following a 0.4 percent gain in February, and a 0.6 percent rise in January. The U.S. LEI is now at its highest level.

Here it is, the all-time high:

[snip]

[PatriotGirl827]

LOL!!!

[LomanBill]

>>Maybe you live in an enclave of crooks.

 

It's almost amusing that the operation being run at 2245 Slocum Road in Peyton Colorado  was practically within spitting distance of NORCOM and the American Military's Satellite Control Center....  almost.   If nothing else, it was pretty bold of the perps to run it on the same local power-grid that supplies juice to Schriever AFB;  Schriever being an earthbound nerve-center supporting the USA's eyes in the sky; presumably in support of the alleged War On Drugs.

 

When the sheeple are kept adequately supplied with Bread and Circuses, they evidently care little about the laundry that keeps the whole systemically corrupt machine rattling along.

 

The Appetite of Tyranny is never far removed from the Tyranny of the Appetite.

 

Same ol' shyte; different Royal toilet.

 

 

[NVDave]

That is 100% true - Minsky wrote his paper(s) in an era way before the international capital flows of today.

To my knowledge, only the Fed has models that account for this stuff today. And I’d say as a small-league guy in the markets (compared to the Fed and their masters at Goldman and JPM) that the Fed’s models aren’t worth much, because they didn’t see this coming either. They kept using words like “contained” and “isolated.”

The PRC did figure this out sooner than the Fed - when they sold most all of their RMBS paper in a fat hurry right after we decided to make good on that “implicit guarantee” of Fannie/Freddie paper that Greenspan had been warning about for years.

[Chances Are]

The leading economic indicators look like a new headfake to me. Remember that Obama, Pelosi and Reed only have a few short months to convince the wishy washy brain-dead casual middle uncommitted part of the electorate that they saved the economy and all is well.

As I read your reply to NVDave, the thought occurred to me...what if by some strange quirk the economy suddenly blew ballast in August or September, soon enough before the election to materially be perceived and adequately be responded to in all quarters.

Seriously, how do you think the lefty press would handle it?

CA....

[ichabod1]

Huh. Well, can’t explain it. It’s not a good time to splurge. It appears that the previous recession is ending, but the inflation is coming as night follows day. Too much money floating around.

In fact, maybe that’s what you’re seeing - the first part of the inflation. There is a lot of cash, some people have it, they want to spend. Soon prices will rise to ration the sales. Then there won’t BE enough products.

[LomanBill]

>>The PRC did figure this out sooner than the Fed

Forest - what forest?

 

Stupid trees.

For folks who didn't want to - it was easy not to see what was right in front of them; and worse still were folks who, instead of using the truth to calibrate their moral compass - instead chose to exploit it by deliberately gaming the corrupted system.

[WOSG]

No. LEI is a real measure.

The stock market is up is a part of it.
Easy money continues...

[pnh102]

The stock market is up is a part of it.

The stock market is only up because companies have shed employees in order to maintain profitability.

[WOSG]

busy restaurant going out last night.
one the way, discussing the many for lease properties... including our own.
It’s mixed bag, honestly.
we have a weak, jobless recovery, with commercial real estate flagging and a lot of industries well off their highs.

JMHO.

[Freedom_Is_Not_Free]

I don’t know what you mean by “blow ballast”. That to me means you drop ballast which brings a sub to the surface.

So you are saying what happens if the economy soars right before the election? The media would say Obama fixed the economy and he would win by a large margin. Only die-hard conservatives of the freedom-loving type, would vote against him. The rest of the voters would “reward” him for “fixing” the economy.

[LS]

Well, I hear from a LOT of knowledgeable people that in fact DEflation is still the worry. See NYDave, but I hear it from others in my private circles.

[LS]

Ooops, sorry, that’s NVDave

[LS]

Well, with all due respect, I don’t have “connections” and I’m doing really, really well. Best year ever.

[surfer]

ROFL...my thoughts exactly. It just shows that the shell game is at an all-time high.

What a farce! The Onion was right to close down you just can't beat the sarcasm coming directly this regime.

This is how people in China must feel every day!

[Boucheau]

“Ministry of Propaganda”

Exactly.

[LomanBill]

>>fact DEflation is still the worry.

 

I think it will be DEflation mixed with selective inflation.  

 

Those with cash will temporarily be able to buy luxury items like Big-Screen HDTV or McMansion for cheap because demand will be down for existing supply.

 

But essentials with static or rising demand - especially those dependent upon Oil, such as food....  "Welcome to Weimart.... please don't block the aisle with your wheel-barrow".

[TheVitaminPress]

Ha, true enough!

[LomanBill]

>>I’m doing really, really well. Best year ever.

 

Glad to hear it.  Everybody has different indicators they watch.

 

One of the Canaries I'm watching in the local economic coal mine is this:

 

 

Running on Empty?

 

 

Completed in 2007 at the convergence of Space Village and Technology in Colorado Springs - it has NEVER, as yet, been occupied.

 

 

So,  I don't care how many loads of dramatic "shoppers" are bused in from the local Housing Authority - I'll believe there's a "recovery" when this building - and the others like it - are occupied and producing.   Until then, it's just smoke, mirrors, and the usual facade propped up in front of the McBurban Jungle.

[LS]

Well, in Cincinnati, they built a giant new mall about 20 years ago, "Forrest Fair Mall." It had all the big anchors, movies, everything. But didn't make it. One reason was it was too close to an existing mall, which significantly upgraded. Another was, the population was moving north of the city, and several outdoor "walking malls" started and sucked business out of the "ring" around Cincy.

So some of it may be the economy, some of it may just be location, location, location.

[mo]

Yur foolin’ us all!!that graph is REALLY a media sentiment graph for Democrats re-election prospects this fall....isn’t it?!!