According to government numbers the index of leading economic indicators rose for the 12th month in a row, increasing 1.4%. That’s right, the economy has been on the mend for a year now. Who knew?
“In March, seven of the 10 leading indicators were positive: the interest rate spread; average weekly manufacturing hours; index of supplier deliveries; stock prices; building permits; average weekly initial claims for unemployment insurance and manufacturers’ new orders for consumer goods and materials.”
Food Stamp usage has it’s own streak going: 14 consecutive monthly increases to an all-time high of 39 million folks on food stamps. That’s a 22.4% increase from a year ago. The food stamp program has a snappy new name-SNAP-which stands for Supplemental Nutrition Assistance Program. As Mish points out in his post, the cost of SNAP has increased from $31 billion in 2005 to over $53.6 billion in 2009.