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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (153685)	10/21/2002 11:33:28 AM
From: tejek	Respond to of 1580148

It makes me feel better knowing Bush has people from the Reagan and Bush Sr. regimes as part of the American team leading us through these trying times. Stupid is as stupid does! ____________________________________________________ Leading Indicators Fall for Fourth Straight Month Drop 0.2 Percent By PETER SVENSSON .c The Associated Press NEW YORK (Oct. 21) - A key measure of future economic activity fell in September, pulled down by the stock market. It was the fourth straight monthly decline in the index, and raised again the prospect of a ''double dip'' into recession for the U.S. economy. The Conference Board reported Monday that its Index of Leading Economic Indicators fell 0.2 percent, matching Wall Street expectations. However, the board's index of current economic activity held steady. ''A stalling out of growth is a more reasonable prospect than the economy falling back into recession,'' said Conference Board economist Ken Goldstein. ''Except for the financial markets, there is little evidence of a developing economic decline.'' The leading index, which attempts to predict the strength of the economy about six months ahead, stood at 111.6 in September. It stood at 100 in 1996, its base year. Aside from the decline in the stock market, the index was dragged down by increasing unemployment claims and declining orders for capital goods. The coincident index, which measures the current economy, held at 115.1, buoyed by small gains in personal incomes and sales. AP-NY-10-21-02 1037EDT Copyright 2002 The Associated Press.