![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFbWv1z8xdl3jXVtygvHkAzrabCSZfFVI17tx-Rv_bc6fpoqMuC01Tg2uEhEqB5NEFoq2quy6UZbQ9IgtsyWyLuyV90Vs9bFBaJDqRD7xhqZMqGZutPqVKkLoerKXHP7Ex7JK2/s280/followleader.jpg)
On the face of it this is clearly a Bullish “Green Shoots” development as this series (an aggregate of 10 component leading indices) is signaling a clear shift from leading contraction to expansion though the leading index is strongly influenced by stocks (i.e. the inclusion of the S&P 500 as one of the leading indicators) and the pronounced “V”-shaped bounce coming directly on the back of such a dramatic period of decline appears suspicious.
Could we be headed into a second dip (… similar to mid-1981) as the government’s Keynesian chicanery shows itself to have only propped demand but failed to encourage real “organic” demand?
Only time will tell…
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjy9ZqS8z37YR5zJ3raUieRehtCOVPbTMiCDIaJVy-0EMZ9twGcXbXEu1UtuiqxecxXRRqdALM0iv7DS2LPjINSg785V4Ce45l0W_yaMsowYBnz1mfhDIInwuedai7lwiuzvzt2/s280/ilei1009index.jpg)