US leading indicators suggest US economy cooling

[cynatnite]

snip:

"This is not just a domestic phenomenon. Declines or slower increases appear in at least six of the eight countries for which the Conference Board calculates leading indexes. Energy prices are one factor driving this global trend. Of more concern is the level of confidence of both consumers and chief executives, which has been choppy."

Some analysts said the report was a clear indication of a slowing trend.

"While no one is forecasting a recession here, the fact is that the decline in the (index) is just what we had seen before the 2001 recession began," said Robert Brusca at FAO Economics.

http://news.yahoo.com/s/afp/20050620/bs_afp/useconomyschedlead;_ylt=Ap_ZNI.Pt0gZj_WZguBrVTKs0NUE;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-

[FloridaPat]

1. When was the economy hot? I missed it with all the time I spent looking

for a job.

[insane_cratic_gal]

4. Was it ever above a simmer?

Like you Pat I missed it too!

[NewJeffCT]

10. the economy was smoking

If you were the CEO of a major corporation, or a major investor in one of those big corporations.

[Renew Deal]

2. Oh shit.

Actually this isn't news on the streets.

[cynatnite]

3. Has any president ever had two recessions?

That's what I was thinking when I read it.

[Renew Deal]

9. I was wondering about this as well.

[Maestro]

5. And here is what the tax cuts did to "fuel" the economy!

http://www.cbpp.org/1-25-05bud.htm

[Carolab]

6. This is the key

Others said the report may not be be a reliable indicator and that the use of interest rate spreads is skewing the result.

"Year-over-year the (index) is down by 1.9 percent, and the last time this happened was in April 2001, in the midst of the last recession," said Jason Schenker at Wachovia Securities.

"The fact that this decline is not reflective of growth has forced the Conference Board to re-evaluate its leading index."

[lonestarnot]

7. There was never even a demonstration of luke warm!

[Media_Lies_Daily]

8. Cooling since December 2000. Gee, that's when the NeoCons took....

...power.

Coincidence? I think not.

[kineneb]

11. Cooling?? It never got above freezing

Maybe a few investors made money, but down here on the ground it has been downhill since 2001. Costs up, income same or down = decline overall. Duh!

[90-percent]

12. help the economy grow

Support increasing tax cuts even more for the wealthiest 1% !!!

Make a reverse tax so our Gov't PAYS THEM as a reward for working so hard creating all their personal wealth!

-85%