U..S. June Philly Fed improves to -2.2 vs. -22.6

Discussion in 'Economics' started by ASusilovic, Jun 18, 2009.

  1. U.S. May leading economic indicators up 1.2%
  2. I attribute this to the fire sale of inventories and some reordering taking place by retailers as they have trimmed their operations back severely, and consumers capitalized on heavy discounting.

    Watch this index dip deeply again when that process resolves itself.