US Economic Week in Review: All Signs Point Towards 12-18 Months of Growth

           This week’s US economic news flow was light.  I’ll cover the Federal Reserve’s Minutes in the bond market column and, to give a complete picture of the housing market, I’ll wait for next week’s release of new home sales to talk about this week’s existing home sales numbers.  This week’s most important release was the Conference Board’s leading and coincidental indexes.  But instead of relying on their “magic formula” of combining various indicators, let’s take a deeper look and focus on the more important long-leading and leading indicators to get a complete pi