Thursday, July 21, 2011

Leading Economic Indicators Steady in June

Source: Conference Board

1 comment:

  1. I read it as the LEI weakened slightly, with only strong Money Supply and Interest Rate Spread indicators keeping the LEI from collapsing (which you do note with the black line).

    In a balance-sheet-deleveraging, ZIRP macro environment, where those monetary indicators are probably less relevant than normal, that does not seem like a good LEI report at all.