Menu Close

Leading Economic Noise

The Conference Board released the Leading Economic Indicators for October 2006 on November 20th.
Here are the highlights:

The U.S. leading index increased 0.2 percent
The coincident index increased 0.1 percent
The lagging index increased 0.2 percent

Here is a breakdown of weightings that make up the composite score:

Click on chart for a better view.
The two single biggest predictors of a recession are an inverted yield curve and declining housing permits but the table above shows that those two combined account for a mere 12.85% of the composite score while Money Supply (M2) single handedly accounts for a whopping 35.35% of the composite index.
Inquiring […]

By Michael Shedlock

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading