Wednesday, November 7, 2007

Japanese Leading Indicators-all negative

Just to follow up on Edward's chart, I had assumed on seeing the news item about this index that the result of zero was due to an equal number of positive versus negative components. That is not the case...if you follow the link in Edward's post you will see that every single available component was negative. So the headline number is a bit misleading if you are not familiar with the details of

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