Monday, April 19, 2004

The Kerry campaign is doomed


From Bloomberg: U.S. leading economic indicators rose 0.3% in March

April 19 (Bloomberg) -- The index of leading economic indicators rose 0.3 percent in March and had its greatest year-on- year increase in two decades as the U.S. expansion gained momentum.

Companies took longer to fill orders in March, showing an increase in demand, while jobless claims fell, building permits rose and tax refunds put more money in the hands of consumers. The indicators helped push up the Conference Board's index, which was unchanged in February after 10 consecutive increases.

The increase suggests that economists may need to reconsider their projections for growth in the second quarter. The economy is forecast to expand 4.3 percent at an annual rate this quarter, compared with 4.4 percent in January-March, according to the median forecast in the most recent monthly Bloomberg News economist survey. For the year, growth may average 4.6 percent, the fastest since 1984, according to the survey.


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