The coincident indicators also improved suggesting that economic growth is continuing with no recessions on the horizon.

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Stepping back from somewhat dreary coincident indicators on unemployment, retail sales, industrial production and capacity utilization, there's another world out there that's unsung.

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With long term Treasuries decidedly weakening as leading and coincident economic indicators wax buoyant, what is normally a long term sea change could be compressed into a year or two.

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