Leading economic indicators rise in August

Discussion in 'Economy' started by Chris, Sep 21, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK — A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended.

    The Conference Board said Monday its index of leading indicators rose 0.6 percent in August. That follows a 0.9 percent gain in July revised up from 0.6 percent. Economists surveyed by Thomson Reuters had expected an 0.7 percent gain last month.

    The indicators are designed to project economic activity in the next three to six months. The August results support many analysts' projections that the economy started growing again in the current July-September quarter and will continue to gain in the fourth quarter.

    Federal Reserve Chairman Ben Bernanke last week said the recession was "very likely over."

    The Associated Press: Leading economic indicators rise in August
     
  2. Wry Catcher
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    Wry Catcher Platinum Member

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    I suppose Rush Limbaugh and his followers are despondent; any news that our economy is on the rebound must be devistating for those who wish Obama to fail. Now Limbaugh will need to spin this bit of positive news to 'prove' something that benefits him, and casts doubt on Obama.
    Fortunately for Limbaugh, it is easy to fool the ditto heads, facts are not necessary and history is so easily rewritten.
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Course it doesnt say what those "indicators" are. What a surprise.
     
  4. Chris
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    Chris Gold Member

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    Do some reading.

    Oh.....wait.....I.....forgot....

    You don't read.

    That's why you don't know anything.
     
  5. pete
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    pete The food stamp president

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    Slowly rising which isn't bad but still fragile and a little hiccup will stop and possibly undo the gain. All predictions.
     
  6. Maple
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    Maple Senior Member

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    Where are the jobs???????????????????????????????????????????????????? I am getting ready for the double dip recession that's just around the corner for us. Whoppee
     
  7. Polk
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    Polk Classic

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    They don't list them because the Conference Board uses a set list.

    1. Average weekly hours (manufacturing)
    2. Average weekly jobless claims for unemployment insurance
    3. Manufacturer's new orders for consumer goods/materials
    4. Vendor performance (slower deliveries diffusion index)
    5. Manufacturer's new orders for non-defense capital goods
    6. Building permits for new private housing units
    7. The Standard & Poor's 500 stock index
    8. Money Supply (M2)
    9. Interest rate spread (10-year Treasury vs. Federal Funds target)
    10. Index of consumer expectations

    http://www.investopedia.com/university/conferenceboard/conferenceboard2.asp
     
  8. Polk
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    Polk Classic

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    Employment is always a lagging indicator.
     
  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Can't read what's not there.
     
  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Well thats more information, Thank you. I would like to see the exact figured they are working with. Seems to me the government has reason to state the economy is getting better yet its odd they arent showing their evidence of it.
     

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