Jeff Smith noon, March 8
Gin's Lead Indicators Inch Forward in November
The lead indicators of the San Diego economy, compiled by Alan Gin of the University of San Diego, edged up to 110.3 in November. They had been stuck at 110 for four straight months beginning in July. The indicators moved up every month from 100.7 in March of 2009, then flattened out beginning in July. In the first quarter of 2009, about the time the local indicators began moving up, the U.S. government and Federal Reserve began pumping massive liquidity into the economy. That process is actually escalating. In November, help wanted advertising and building permits moved in an unfavorable direction, while initial unemployment claims, stock prices, consumer confidence, and the national economy moved in a favorable direction.