Economic Indicators

A look at the varied sets of economic indicators I track
shows we should expect further slowing of growth, but the
indicators have as yet to experience the sort of downward
break that would herald a severe slowdown or recession. As
one might suspect, the coincident economic indicators are
starting to flatten out and lose momentum measured year over
year.

The continuing rallies in high yield or junk bonds and in
intermediate corporates also indicate that investor confidence
in the economy remains intact.