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Three key indicators have suddenly broken trend over the last few weeks/quarter. It appears that the economic landscape has shifted. One major change is interesting. Two could be a coincidence. When three points like this connect, it’s worth paying attention. Words: 324
In further edited excerpts from the original article* Dave Forest (www.piercepoints.com) goes on to say:
1. Outstanding loan value of U.S. commercial banks’ loan portfolios continue to hold steady (i.e. remained flat), for the fourth week in a row. This is the longest we’ve gone without a pronounced drop in credit since the crisis broke late in 2008. A big positive for the U.S. economy. Although credit is not growing, at least it’s stopped shrinking.
2. U.S. crude oil imports have been in an up-trend for the last three months.
3. Short-term U.S. government bill yields have shown a marked increase. Since the end of January, the one-month bill yield has jumped from 0.02% to 0.12%, a 500% increase. The three-month and six-month bill yields have also broken trend and moved higher… This may mean investors are pulling their money out, looking to cycle it into higher-yielding investments. A positive for stocks, real estate, commodities and other assets.
One major change is interesting. Two could be a coincidence. When three points like this connect, it’s worth paying attention.
*http://www.oilprice.com/article-key-indicators-signal-a-positive-shift-in-the-economic-landscape-242.html Copyright 2009 Resource Publishers Inc. (Dave Forest offers a Free Daily E-Letter which can be subscribed to at www.piercepoints.com.)
Editor’s Note:
– The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
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