The Flash Index, put out by the University of Illinois’ Institute of Government and Public Affairs, reads 106.3 for June. It’s a weighted average of personal income, consumer spending, and corporate earnings; 100 is the break-even point. The study’s author, IGPA director and economics professor Fred Giertz says it’s a good news, bad news situation.
“The good news is the economy is improving. The bad news for the financial community is that could mean higher interest rates” according to Giertz.
Giertz says unemployment though is still too high and will be a drag on any kind of recovery.