Why The Leading Indicators May Not Be Leading Anywhere

Is it a recovery or a "dead-cat bounce"? A few economists are using that expression to note that even a falling economy can appear to spring back to life after a steep drop. Rebounds in the leading indicators, home buying, and the purchasing managers' index certainly look like the early signs of an upturn. However, with so many key sectors still struggling, it's far from certain whether the economy will sustain those gains or fall flat again in coming months.

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