Wednesday, November 21, 2012

The Conference Board Leading Economic Index for the U.S. increased 0.2 percent in October

Bernanke's latest money printing is slowly working its way through the economy.

The Conference Board Leading Economic Index® for the U.S. increased 0.2 percent in October to 96.0 (2004 = 100), following a 0.5 percent increase in September, and a 0.4 percent decline in August.

Says Ataman Ozyildirim, economist at The Conference Board: “The U.S. LEI increased slightly in October, the second consecutive increase. The LEI still points to modestly expanding economic activity in the near term. Over the last six months, improvements in the residential construction and financial components of the LEI have offset weak consumer expectations, manufacturing new orders and labor market components. Meanwhile, the coincident economic index also increased slightly in October.”

Strength in these numbers will accelerate, as long as Bernanke keeps printing $$$$. This will be accompanied by very strong price inflation in 2013.

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