January 19th, 2012
Econintersect: Lance Roberts (StreetTalkLive.com) has reported on the proposal of the Conference Board to revise its Leading Economic Indicator (LEI) which has been rising as if on a rocket launch since just before the official end of the Great Recession in June 2009. The dramatic advance of this indicator has stood in sharp contrast to many other economic indicators and data series which have been showing much weaker advances, and in some cases have turned significantly downward. Econintersect has criticized the LEI as overly emphasizing monetary data and not reflecting enough of the rest of the economy.
The new revisions to the data will not be released for another week (January 26), but abstract of the Conference Board report contained a graph which Lance Roberts included in his Advisor Perspectives, dshort.com article which shows the significant difference between the old and the new LEI: