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Thread: US Leading Economic Indicators Increases

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    US Leading Economic Indicators Increases

    The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.5 percent in October to 111.3 (2004=100), following a 0.5 percent increase in September, and a 0.1 percent increase in August.

    Says Ataman Ozyildirim, economist at The Conference Board: “The LEI remains on an upward trend, suggesting the modest economic expansion will continue in the near term. The LEI’s growth has been slowing this year, but gains in the financial components helped its pickup in October.”
    Says Ken Goldstein, economist at The Conference Board: “The economy is slow, but latest data on the U.S. LEI suggest that change may be around the corner. Expect modest holiday sales, driven by steep discounting. But following a post-holiday lull, the indicators are suggesting a mild pickup this spring.”
    The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in October to 101.5 (2004=100), following no change in September, and no change in August. The Conference Board Lagging Economic Index® (LAG) increased 0.1 percent in October to 108.7 (2004=100), following a 0.5 percent increase in September, and a 0.1 percent increase in August.



    US LEI Increases | The Conference Board

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    Re: US Leading Economic Indicators Increases

    Woo-hoo! Mild pickup is only six months away!
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by Harshaw View Post
    Woo-hoo! Mild pickup is only six months away!

    Your sarcasm is duly noted and dismissed.

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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by winston53660 View Post
    Your sarcasm is duly noted and dismissed.
    How else should one respond to this? We've been told over and over that recovery is just around the corner, and now this write-up says the malaise is likely to continue until spring when there will be a "mild" pickup.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US Leading Economic Indicators Increases

    It's pretty difficult to determine the short-term trajectory of the economy. Looking back, we can sort of piece together what happened: We had a brisk recovery until the European sovereign debt crisis took the steam out of it this summer. However, that problem hasn't gone away. Now that Greece has been bailed out, it looks like Ireland is next at bat. Depending on how that plays out, it could slow the course of economic recovery for another six months.
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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by Harshaw View Post
    How else should one respond to this? We've been told over and over that recovery is just around the corner, and now this write-up says the malaise is likely to continue until spring when there will be a "mild" pickup.
    Take it easy on'em. The Libs have to do something to cheer themselves up, after their boy caused a total and complete cluster ****.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by Harshaw View Post
    How else should one respond to this? We've been told over and over that recovery is just around the corner, and now this write-up says the malaise is likely to continue until spring when there will be a "mild" pickup.

    Recovery is happening. As quickly as people would like it? No, but none the less revoery is happening.

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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by Kandahar View Post
    It's pretty difficult to determine the short-term trajectory of the economy. Looking back, we can sort of piece together what happened: We had a brisk recovery until the European sovereign debt crisis took the steam out of it this summer. However, that problem hasn't gone away. Now that Greece has been bailed out, it looks like Ireland is next at bat. Depending on how that plays out, it could slow the course of economic recovery for another six months.
    I don't disagree. I just don't know why anyone should greet this report in any way other than what I did.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US Leading Economic Indicators Increases

    Quote Originally Posted by winston53660 View Post
    Recovery is happening. As quickly as people would like it? No, but none the less revoery is happening.
    Well sure, we've been out of the recession for quite some time. But this recovery isn't exactly putting people back to work.

    I was lambasted by people on this site back in April for not "seeing the obvious" that a 160k upturn from the March jobs report was a clear indicator that we were on the verge of significant gains... and look where we are now. Still piddling along. I've got the same reaction now that I did back then:

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    Re: US Leading Economic Indicators Increases

    What I find amazing is how critics continue to ridicule the President knowing how we got into the economic mess in the first place. Sure, his administration made a few mistakes, specifically making claims of unemployment not reaching above a certain level or promoting faster progress when things with new regulations hadn't quite shook out yet, but I view those as minor issues in the grand scheme of things.

    Point is only a fool would think the economy would have returned to pre-October 2008 levels in just 2-years time considering the magnitude of the economic problems this nation had to deal with. I view these latest estimates on the economic indexes to be great news! Means we're finally headed in the right direction. And mind you, this has been in spite of every attempt Republicans have made to deter recovery efforts all for the sake of removing a Democrat president from office and reclaiming Congressional and Presidential power back for themselves. It's pathetic really. But that's the Party of No for you.
    Last edited by Objective Voice; 11-19-10 at 03:05 PM.

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