The leading economic indicators came out and the news was not good.
The latest numbers fell by .3% in march and given that they fell in february by .2%
that is not good news. With that said, the indicators did have some positives.
the three areas were 1. positive growth in real money supply from the feds to pump up the economy.
2.in the" interest rate spread" which is the difference between the interest rates from a 10 year treasury
and benchmarks federals funds rates. 3. consumer expectations index.
Granted they aren’t much, but the expectation is the easing of conditions by late summer.
Without the fed pumping billions into the economy, economists believe we would be in far worse shape.
Now some may say that obama’s plan is bad, however a bad plan is always better than having no plan
and just waiting for market forces to somehow correct this downturn is not a plan, it is waiting for a
miracle to happen. It is believe that the national unemployment rate will hit 10% by the end of the year,
here in California, it has already hit 11.2%. It may just hit 15% here by the end of the year. It won’t be very pretty.
Kropotkin