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Has the risk of an economic downturn diminished?

“A sharp pick-up in housing permits caused an October rebound of The Conference Board leading economic index, suggesting the risk of an economic downturn has diminished, according to the board’s economists.

“The index rose 0.9% in October to 117.4, following a 0.1% increase in September, and a 0.3% gain in August. The index is scaled to a score of 100 in 2004.”

by Justin Hilly at The Housing Wire

What are your thoughts?

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This entry was posted on November 18, 2011 by in Market Trends.
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