Global Economic Recovery Watch
Over the last few weeks, the Conference Board has reported increases in Leading Indexes for the following countries for August:
1. Japan (+0.2%)
2. U.K. (+0.1%, following gains in June and July).
3. China (+0.7%, following increases of 0.8% in July and 1.2% in August).
4. Spain (+0.6%, second consecutive monthly increase).
2 Comments:
Japan has been "recovering" for 20 years.
Tight money turned Japan into a backwater nation.
Their bondholders have done okay.
The Chief Economist for the Conference Board wrote the following about the US: Economic risks remain firmly tilted downward
Shows positive housing starts...
John Mauldin over at InvestorsInsight has this: The Subprime Debacle: Act 2
Is there a clash here of either data or of analysis of the data?
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