Monday, December 21, 2009

Some Good Economic News “for the Holidays”

Actually it's a bit after the fact, as is the case with most economic data. Still, the Chicago Fed's National Activity Index posts a strong improvement (although still negative) in the month of November.

Some might think be tempted to combine this with the opinion piece by Blinder I highlighted recently. And while I think the data might contribute to the foundation, it is "old data". I'd make sure there are other reinforcing arguments.  But still, it's a "ray of light", another "green shoot" reflecting actual activity.

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