Markperry

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Professor Mark J. Perry's Blog for Economics and Finance


The Leading Economic Index (LEI) increased for the 7th straight month to 103.8, the highest level since the fall of 2007, and the first time in more than five years of 7-consecutive monthly increases (since early 2004).

Details:

Six of the ten indicators that make up The Conference Board LEI for the U.S. increased in October. The positive contributors ? beginning... read more

Posted on 07:12, November 19, 2009

Last summer the odds for a federal government-run health insurance plan to be approved before the end of the year were around 50%, according to futures contracts traded on Intrade.com. Those odds have now fallen to a contract-low of only 2.2%. Odds for health care reform passing by March 2010 or June 2010 are higher, see details here.

Posted on 06:55, November 19, 2009

Weekly jobless claims fell for the 11th straight week to 514,000 (four-week moving average), reaching the lowest level in a year (since November 15, 2008), according to today's report from the Department of Labor (see chart above).

Posted on 05:55, November 19, 2009
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