It sounds good though I'd like to see more to be convinced. It still strikes me as a false start, that something else is still out there to disrupt the positive signs but maybe the OECD is right. The surprising part of the new report is that the OECD has yet to see the US economy hit a bottom. Many have been talking a lot about the US hitting the bottom and progressing. The Guardian:
Releasing its monthly "composite leading indicator" (CLI) for the world's major economies, the Paris-based watchdog pointed to "tentative" signs of a slower pace of decline in the UK, Italy, France and China, even though the world economy as a whole remained in deep recession.
The OECD's leading indicators are a basket of economic data that in the past have had a good record of showing economic turning points.
"Weak though these signals are, they are present in the majority of the CLI component series for these countries," the OECD said.
