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Leading indicators still point to growth




The Leading Indicators index rose a bit more than expected, and as the chart shows, the year over year change remains quite positive—a good indication that the economy is still growing. There is nothing in this series that would even suggest that the economy is slowing enough to qualify as the "double dip" recession that remains an obsession with so many observers. Instead, the index is behaving exactly at it has coming out of every recession in the past. It's natural for the growth in the index to slow as the economy continues to expand.

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