More bad news for Obama and the Dems.  More evidence that their policies  
  are failures...  
    
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  http://finance.yahoo.com/news/Leading-indicators-drop-in-apf-  
  1541974113.html?x=0&sec=topStories&pos=4&asset=&ccode=  
    
  Leading indicators drop in June as recovery slows  
  Leading indicators fall in June for 2nd time in past 3 months,  
  suggesting recovery will weaken  
    
  Tali Arbel, AP Business Writer, On Thursday July 22, 2010, 10:28 am  
  NEW YORK (AP) -- A gauge of future economic activity dropped in June,  
  the second decline in past 3 months, suggesting the economic recovery  
  will weaken.  
    
  The Conference Board, a private research group, said Thursday its index  
  of leading economic indicators fell 0.2 percent last month. Economists  
  polled by Thomson Reuters had expected a drop of 0.3 percent.  
    
  The index was revised higher to a 0.5 percent increase in May from the  
  initial report of a 0.4 percent gain. The April report was revised to a  
  0.1 percent drop from a prior estimate of no change.  
    
  The leading indicators gauge had risen almost every month since April  
  2009 as the economy rebounded from recession. It was pulled higher by  
  the increasing amount of money in the economy, the rebound in  
  manufacturing and slow improvements in the job market.  
    
  But weakness in the housing sector, faltering consumer spending and high  
  unemployment have raised fears about a big slowdown in growth.  
    
  "The indicators point to slower growth through the fall," said  
  Conference Board economist Ken Goldstein. He said the manufacturing  
  rebound will likely slow and there is "little indication" of a pickup in  
  the service sector, which employs about 80 percent of the U.S. work  
  force.  
    
  Five of the 10 indicators increased, while 4 declined and an estimate of  
  manufacturers' new orders for capital goods was flat.  
    
  Employment data -- fewer hours worked in factories and more people  
  filing for jobless aid -- weighed down the index, as did dropping stock  
  prices.  
    
  The biggest positive contributions were the money supply, which  
  increased, and the difference between 10-year interest rates and the  
  overnight interest rate that the Federal Reserve has kept at a record  
  low near zero. A wide gap between the two can mean investors expect  
  economic activity to pick up.  
    
  Still, that gap has narrowed recently as investors searching for safety  
  bought up 10-year Treasurys, weighing on bond yields.  
    
  --- PCBoard (R) v15.3/M 10  
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