Macro: Leading Economic Indicators — reflections of 2006?
"After a pause in September, the LEI resumed signaling recession in October." LEI signaling a shallow recession. The index is down 3.3% in the last 3 months and -.8% in October. I hate to compare cycles, but the machine does and there are certainly similarities. The similarities became apparent with the release of CPI last week. In June of 2006 [...]
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