Crew Capital Management Thoughts on Investment

Welcome to the Crew Capital Management Thoughts on Investment blog. At Crew Capital, investment education is key to how we work with our clients. We hope our conversation and analysis entice you to think further on your investment strategies and planning. For further discussion, please contact us at rjung@crewcapital.com

Thank you!
Robert F. Jung, CFA CPA*

*CPA inactve

Wednesday, December 24, 2008

Leading Index Dives

The Conference Board’s Index of Leading Economic Indicators fell by 0.4% in November, while the closely watched six-month rate of decline was 2.8% — the steepest decline since 1991. The largest contributors to the drop were building permits, stock prices and average weekly initial claims. Only four of the 10 indicators in the LEI registered gains, including new orders for consumer goods, the interest rate spread, money supply and new orders for non-defense capital goods. Meanwhile the coincident index fell for the sixth time in seven months. There’s no doubt that the economy is mired in one of its deepest recessions in decades. Conditions will probably not improve until the new administration takes office in late January. But we remain hopeful for a mid-to-late-year recovery, largely because of the structures-related, jobs-creating fiscal impulse expected to be enacted in late January.


source Argus Research Market Watch, December 23, 2008

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