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
April Tax Collections Still Running Red Hot Mean That Fed Must Get Tighter
The Fed is Tightening Into a Sheet Storm
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 […]
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