Tuesday, April 20, 2010
Unless you look at everything through a Republican political lens, this is good news, or at least its harbinger:
The Conference Board found its index of leading economic indicators reached a record high after rising for the 12th consecutive month in March, according to Reuters. The index beat forecasts for a 1.0% rise by adding 1.4% in March, while the February gain was upwardly revised from a 0.1% gain to a 0.4% gain.
Well, as long as you're convinced that M2, the S&P 500 performance and interest rate spreads are the key drivers to an improving economy, I guess all is well. The Conference Boards numbers are heavily skewed to those three factors:(http://www.financialsense.com/Market/cpuplava/2009/0930.html
And how has that booming stock market and stupendous M2 growth worked out for you over the past 18 months, Mr. Economy? Hmmm. Not so well?