Quote:
Originally Posted by pan6467
Shall I pull a Host and bring out more?...
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As
I pointed out, there are several government economic indicators that have been rising in recent months
The private Conference Board leading economic indicators have also shown six consecutive months of positive change.
Quote:
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 0.3 percent in October, following a 1.0 percent gain in September, and a 0.4 percent rise in August....
....Says Ataman Ozyildirim, Economist at The Conference Board: “After half a year of consecutive increases, the month-to-month growth of the LEI is stabilizing and the gains continue to be broad-based. Meanwhile, the coincident economic index has been essentially flat since June, after declining since November 2007. The composite indexes suggest the recovery is unfolding and economic activity should continue improving in the near term.”
Says Ken Goldstein, Economist at The Conference Board: “The data indicates that economic recovery is finally setting in. We can expect slow growth through the first half of 2010. The pace of growth, however, will depend critically on how much demand picks up, and how soon.”
The Conference Board Leading Economic Index? (LEI) for the U.S. Increases Again
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The Conference Board uses 10 economic indicators and six`or more have been showing improvement every month for six months.
Most economists have suggested that there have been significant economic improvements since January.
We can debate how much of that is attributable to the stimulus package and/or other policies....you cant ignore the indicators completely or just cherry pick jobs/unemployment data.
Every economists will tell you that jobs are the lagging indicator and the last to recover from a recession.