More bad news for Obama and the Dems.  More evidence that their policies    
   are failures...   
      
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   http://finance.yahoo.com/news/Leading-indicators-drop-in-apf-   
   1541974113.html?x=0&sec=topStories&pos=4&asset=&ccode=   
      
   Leading indicators drop in June as recovery slows   
   Leading indicators fall in June for 2nd time in past 3 months,    
   suggesting recovery will weaken    
      
   Tali Arbel, AP Business Writer, On Thursday July 22, 2010, 10:28 am    
   NEW YORK (AP) -- A gauge of future economic activity dropped in June,    
   the second decline in past 3 months, suggesting the economic recovery    
   will weaken.   
      
   The Conference Board, a private research group, said Thursday its index    
   of leading economic indicators fell 0.2 percent last month. Economists    
   polled by Thomson Reuters had expected a drop of 0.3 percent.   
      
   The index was revised higher to a 0.5 percent increase in May from the    
   initial report of a 0.4 percent gain. The April report was revised to a    
   0.1 percent drop from a prior estimate of no change.   
      
   The leading indicators gauge had risen almost every month since April    
   2009 as the economy rebounded from recession. It was pulled higher by    
   the increasing amount of money in the economy, the rebound in    
   manufacturing and slow improvements in the job market.   
      
   But weakness in the housing sector, faltering consumer spending and high    
   unemployment have raised fears about a big slowdown in growth.   
      
   "The indicators point to slower growth through the fall," said    
   Conference Board economist Ken Goldstein. He said the manufacturing    
   rebound will likely slow and there is "little indication" of a pickup in    
   the service sector, which employs about 80 percent of the U.S. work    
   force.   
      
   Five of the 10 indicators increased, while 4 declined and an estimate of    
   manufacturers' new orders for capital goods was flat.   
      
   Employment data -- fewer hours worked in factories and more people    
   filing for jobless aid -- weighed down the index, as did dropping stock    
   prices.   
      
   The biggest positive contributions were the money supply, which    
   increased, and the difference between 10-year interest rates and the    
   overnight interest rate that the Federal Reserve has kept at a record    
   low near zero. A wide gap between the two can mean investors expect    
   economic activity to pick up.   
      
   Still, that gap has narrowed recently as investors searching for safety    
   bought up 10-year Treasurys, weighing on bond yields.   
      
   --- PCBoard (R) v15.3/M 10   
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