Today’s economic statistical releases, or rather release, since there’s only one, the Index of leading indicators.  Which actually looks pretty good this month, up 0.9%. There’s only one negative element for the month: vendor deliveries are showing slightly fewer delays, which pretty minor. The report indicates that the risk of a downturn or recession is receding. That’s good news.

Or, would be, if Italy, Spain, Ireland, and Portugal weren’t ready to go belly up in default, destroy the Euro, trash global banking, and plunge the world into a Second Great Depression.

But, you take the good with the bad, right?

~
Dale Franks
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