Gauge of U.S. economy higher in latest week - ECRI - 2007-01-12
A measure of future U.S. economic growth was higher in the latest week on more robust housing activity and lower interest rates, with its growth index at a 47-week high, a research group declared on Friday. The Economic Cycle Research Institute, an independent forecasting group, declared that its weekly leading index exploded to 141.8 in the week ending Jan. 5 from an upwardly revised 139.2 in the prior week.
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Slow and steady wins the race for U.S. economy in 2007 - 2007-01-12
At the start of every year the TriCounty Area Chamber of Commerce invites a financial expert to speak at a member breakfast and reflect on how the U.S. economy did in the previous year and what the outlook is for the new year. James D. King, executive vice president and managing director of investment management for National Penn Investors Co. expected stocks, especially large-cap funds, to outperform bonds in 2006. Energy stocks will continue to outperform the market, but technology stocks will likely catch and surpass energy stocks in 2007.
Read the full story at Pottstown Mercury