Leading Indicators Drop in July

[cjbuchanan]

NEW YORK - A closely watched measure of future economic activity fell in July for the second consecutive month, reinforcing evidence that the nation's financial recovery is slackening.

...

The index is closely followed because it is designed to forecast the economy's health over the coming three to six months

more at: http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20040819/ap_on_bi_ge/economy


Guess we did turn a corner, just not in a good way.

[JuniorPlankton]

1. Oops n/t

[swag]

3. Kick and rate the Yahoo story five - and here's more info about LEI

Put this in your Fair Model and smoke it, big Ray:

http://quote.bloomberg.com/apps/news?pid=10000103&sid=aJ0IUboYWoU0&refer=us

U.S. Index of Leading Economic Indicators Fell 0.3% in July

Aug. 19 (Bloomberg) -- The index of leading U.S. economic indicators fell for a second month in July as factory delivery times shortened, reflecting a slowdown in orders, and stock prices declined, a private group said.

The 0.3 percent decline in the New York-based Conference Board's gauge of the economy's likely performance over the next three to six months, the biggest since February of 2003, follows a revised 0.1 percent drop in June. The index last fell in consecutive months in early 2003.

The threat to the economy from higher crude oil prices, which rose yesterday to a record, prompted a decline in the Standard & Poor's 500 Index. Rising energy costs led in the second quarter to the slowest pace of growth in more than a year.

. . .

Economists forecast a 0.1 percent decrease in the July index, according to the median of 55 estimates in a Bloomberg News survey. Forecasts ranged from an increase of 0.3 percent to a decline of 0.4 percent.

. . . more

[hatrack]

2. Gosh, ya think? nt

.

[NC_Nurse]

4. WHAT?

REAL news? We can't have that during a campaign!

Quick! Look at the Kerry Lover website!

Terra! Terra!

:P

[hadrons]

5. will Zell mention this on stage???

[Tandalayo_Scheisskopf]

6. Perhaps...

We should write that sad victim of early-onset Alzheimer's and ask him. Lots and lots of us. ;-)

[WyLoochka]

8. Let's ask him

Miller Contact:

257 Dirksen Senate Office Building
Washington DC 20510

Phone: [phone]
Fax: [phone]
TDDY: [phone]


100 Colony Square, Suite 300
1175 Peachtree St., NE
Atlanta, GA 30361

Phone: [phone]
Fax: [phone]


Young Harris Office:
687 Main Street, Suite 2
Young Harris, GA 30582

Phone: [phone]
Fax: [phone]


Moultrie Office:
22 North Main Street
P.O. Box 1330
Moultrie, GA 31768

Phone: [phone]
Fax: [phone]


Savannah Office
2 East Bryan Street
Savannah, GA 31401

Phone: [phone]
Fax: [phone]

[daa]

9. Zell is a dumb hillbilly

lucky to remember his own name.

[Kahuna]

7. It's the "W" shaped recession. I hope they coin the phrase..

by election time.

[Cocoa]

10. results matter

or did Bush drop that from his platform?

[HuckleB]

11. kick

[DaveSZ]

12. Ahaha

"Results matter."

That's rich man.