The following leading economic indicators published by the U.S. Government Printing Office and sourced from the U.S. Department of Commerce show an increase in consumer spending dollars spent, and industrial production, but a decline in employment and private investment. With little positive change in employment levels and private investment the source of these increases could just be credit.
• Gross private domestic investment $1,800 billion (Down long-term)
• Official unemployment rate 9 percent (Up)
• Corporate profits 1,800 billion (Up)
• Private Employer Cost Index 113.3 (Up)
• Total Industrial Production 93.6 (Up)
Corporate profits are at 2006 levels meaning they haven't caught up with past levels of profit making despite recent increases. With expiration of quantitative easing in June 2011, and the national debt ceiling reached the idea of new stimulus is weak. Economics indicates new growth will have to be organic or take advantage of a relatively strong rate of global GDP growth via return of U.S. based international corporations increasing profits. Any increase in the dollar will help ease inflationary pressures such as gas prices but could hurt exports and corporate profits.
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