Saturday, October 10, 2009

Bloomberg U.S. Financial Conditions Index Reaches A 26-Month High, Highest Level Since Aug. 2007

The Bloomberg U.S. Financial Conditions Index provides a daily measure of the relative strength of the U.S. money, bond and equity markets, and is considered a useful gauge of the overall conditions in U.S. financial and credit markets. The Financial Conditions Index climbed to a level above -0.50 yesterday (Friday, closing at -0.46) for the first time since August 8, 2007, and is now at a 26-month high (see chart above). Another positive sign that an economic and financial recovery are underway.

1 Comments:

At 10/11/2009 9:32 AM, Anonymous Exegesis said...

Bloomberg obviously hasn't looked at bank earnings and provision expenses lately. It obviously hasn't looked at the level of C&D and C&I loans and their default rates. It obviously hasn't seen credit which is so tight, the atmospheric CO2 from all this "green shoot" nonsense is being squeezed into diamonds.

This data has as much credibility as an Obama Nobel Peace Prize.

And it doesn't take an Econ PhD to see it. It jusy takes someone with a heartbeat and at least one good eye and ear. Oh, and it takes a mind which is clear of biases and has the ability to think.

 

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