Bloomberg U.S. Financial Conditions Index Reaches A 32-Month High, Highest Level Since July 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 closed yesterday at 0.49, reaching the highest level since mid-July 2007 (see chart above), and hitting a 32-month high. This is one more positive sign that an economic recovery is underway, financial markets are back on solid ground, and overall financial conditions have returned to the strength and stability of the summer of 2007, reflected in the Financial Conditions Index being in positive territory again.
2 Comments:
The strength and stability of the summer of 2007? And the smart money is SHORT again?
lol. so the economy was crashing when bush left office. then obama took over and a year later you say its looking great. yet you don't appear to be a keynesian . . . .
[full disclosure: i don't agree that things are looking great, and i'm not a fan of obama, bush, or congress]
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