Posted on 04/19/2010 7:19:36 AM PDT by 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]
(Excerpt) Read more at businessinsider.com ...
++++ Now, I don’t know where the money is coming from...++++
1. Retirees.
2. Those that still have a job.
3. Food stamps.
4. Public employees...and plenty of them.
Well you can only shrink so much until eventually you are bound to have no where to go but up (well sideways is an option as well).
You missed the point. Now that all those business are out of business and those properties are making no money...they are bound to sell for pennies on the dollar. And that is the rebound.
Sick, sick, sick and disgusting. We’re watching our country being destroyed.
You hit it...expect the media to tell people for the next 6 months that the economy is taking off. It’s their only chance to keep from having the rats from losing worse than in 94.
“Well, with all due respect, I don’t have “connections” and I’m doing really, really well. Best year ever.”
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The guy that sold the hundred acres probably had his best year ever but the guy that bought it was definitely a crook.
To the surface...that’s what needs to happen. All the fraud, corruption (of which there is oodles), and just general stink that perpetually emanates from this administration.
What I meant was, what if, in spite of the best efforts of the dictator and his team, the bottom falls out of the economy ahead of schedule. Warning signs first, then, with the passage of a little more time the size of the coming tsunami becomes increasingly evident.
Given their commitment to the One, how do think the press would play it in the months running up to the election?
I reckon I worded the first reply poorly. Sorry...
CA....
My son was unemployed for 16 months; finally got a job in his specialty at corporate headquarters of one of the dollar store chains. Dollar stores are doing great, as middle income folks are shopping down.
Somehow, I don’t think 200,000 readers are “crooks.”
No, not judging from the likes of people at the upscale malls we shop.
No, not judging from the likes of people at the upscale malls we shop.
Whatever hope there is for the economy is there.
Somehow, I don’t think 200,000 readers are “crooks.”
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Somehow, I don’t think I said that they were.
4. Public employees...and plenty of them.
That's what the media does.
Now, despite all the clever and cute responses here that all those people spending money in malls and restaurants are in public sector jobs or knee-deep in debt, it doesn't wash. Most stats show Americans as individuals are drawing DOWN their debt levels, not increasing; retailers are up and down. Some are doing well; some are going broke. Businesses EVERYWHERE are forcing employees to become more productive---sometimes to their detriment in terms of added tasks, but nevertheless, it is keeping them employed.
If we are going to defeat Obama and the Dems, we won't do it by just dismissing real economic data the way the media ignores all the bad data.
Of course you are right about the pockets, there are always areas of a bad economy that thrive, sometimes they thrive BECAUSE the rest of the economy is bad. On the other hand we do have some people thriving solely because of corruption. The land buyer I spoke of was saying before the election that IF the Democrats won he would have more money than he could spend but he was acting as someone who KNEW that Obama would win beyond a doubt. I would bet my last nickel that man is as crooked as a dog’s hind leg as we used to say in the backwoods.
Yesterday I actually got a call to an interview for a part time job. I am retired but I have been wanting another part time job for almost two years and this is only the second actual interview I have had since the summer of ‘08.
I heard that one of our friends’ daughters-—a real hard-charger and very qualified-—applied almost daily for more than a year before she got a low-level job. On the other hand, a Hillsdale prof I know-—his son got a job instantly in a very high paying position.
If the economy is perceived good as you are saying then it would be very difficult to defeat Obama or the democrats. This is a fact. If we cannot defeat them in 2010 and then in 2012 then socialism will continue and the destruction of our economy will continue. Eventually the socialists will reach a point where they cannot convince a majority of people that things are good because taxes, spending, and the welfare state would have destroyed the economy.
I’m not sure what people perceive the economy to be. This survey is very troubling. But more troubling are the people I see spending money-—that is a fact that people here cannot wish away. I still think the discontent is very high and over non-pocketbook issues, such as health care, national defense, bailouts, and so on. So you could conceivably have a “recovering” economy and a GOP landslide. In the long run, we’ll have to see inflation-—that seems a given. Yet where is it? I keep hearing it’s “one or two years out.” But people have said that here for 10 years.
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