WASHINGTON -- The economy's expansion is expected to continue, though there are "some strong headwinds" in the medium-term, the Conference Board said Thursday as it reported that its leading economic index rose 1% in December. "Overall, economic activity is likely to continue to gain momentum in 2011," said Ken Goldstein, economist at the Conference Board, in a statement. Six of the 10 indicators included in the LEI made positive contributions in December, led by building permits, the interest rate spread, and average weekly initial claims for unemployment-insurance. benefits.This is the reason why commodities are rising. The economy (coincident indicators) will be strong. more than predicted by many sharp people (click on the chart to enlarge it).
Another thought. Inflation and interest rates bottom and then rise after 1.5-2.0 years after the expansion starts.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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