The US Economy: Full Steam Ahead?
Zero Hedge -

Submitted by Erico Matias Tavares of Sinclair & Co.

With the US stock market breaking new highs almost every week now, it is fair to say that animal spirits are on the loose. Several economic indicators suggest that this is warranted.

The table above shows the latest readings for the Institute for Supply Management’s New Manufacturing Orders Index, a very useful leading indicator. At 69.4 last December, it is the highest reading going back all the way to January 2004, capping off...

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