2008-01-18 Leading Indicators

Leading Indicators (Dec)

Survey -0.1%
Actual -0.2%
Prior -0.4%
Revised n/a

Down some, but not terrible.


2008-01-18 U. of Michigan Confidence

U. of Michigan Confidence (Jan P)

Survey 74.5
Actual 80.5
Prior 75.5
Revised n/a

Up, but not great – not yet the stuff of recession.


2008-01-18 U. of Michigan Confidence TABLE

U. of Michigan Confidence TABLE

Note how high the current levels are – no recession there.

It’s expectations that are weak – the CNBC effect.

And inflation expectations remain higher than the fed’s comfort level.


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