Published by Jack Everest on 26 Jan 2009 at 07:05 pm
Housing sales and Index of Leading Economic Indicators rise last month
The economy isn’t turning around yet, but there are still a few indications that all is not lost (that is unless the Obama administration raises taxes during this downturn).
For example, Reuters reported that…
For the first time in six months the Conference Board’s Index of Leading Economic Indicators rose in December, gaining 0.3 percent, boosted primarily by money supply.
And per Bloomberg, the National Association of Realtors reported a 6.5 percent increase in the sale of existing homes last month.