Recession Update: Same Old, Same Old, Although…
January 26, 2009 at 11:38 AM EST
This morning’s update of the Conference Board’s leading economic indicator (LEI) shows a modest gain last month. But let’s be clear: The increase is neither unexpected nor a sign that economic growth is imminent. As we discussed last week, monetary stimulus these days is in overdrive, and to an extraordinary degree. In turn, that boosts the [...]
