Thursday, January 31, 2013

The Bernanke Manipulation: Leading Indicators Continue to Climb

Ed Yardeni reports:
The ECRI’s Weekly Leading Index jumped 3.3% during the first three weeks of January. It is up 7.9% from its low last year during the week of June 15. The Conference Board's monthly Leading Economic Index jumped 0.5% in December to a new cyclical high. 
Yes, the Bernanke helicopter is in the air and impacting the economy. Non-seasonally adjusted 13-week annualized money supply (M2) growth is at 11.4%.

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