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JUN 22, 2013 - Business Insider

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This Week's Economic Data Was Okay, But Two Big Leading Indicators Have Turned Negative

May monthly data reported this past week included the Index of Leading Indicators, up 0.1 and showing no imminent recession, the Empire State and Philly manufacturing indexes, both of which improved, consumer prices up slightly, housing starts and existing home sales up, and permits down. The 6 month trend in housing is up, but at a more muted pace than over the previous year. Prof. Geoffrey Moore identified 4 long leading indicators, which take over a year to feed into the general economy: bond interest rates, real M2 money supply, housing permits, and corporate profits after taxes. Three ... Read More

Tags: This Week's Economic Data Was Okay, But Two Big Leading Indicators Have Turned Negative,  Estate Tax Latest News