The good news about the US economy is that the US Dollar Index as of last Friday reads that there were fewer people selling Dollars.
As to the leading indicators showing the US economy slowing down, those indicators came into focus only two weeks ago . Meaning great news; there is approximately 8 months or so to save from the fear of Recession becoming a reality.
I understand Fed Chief Ben Bernanke will give a speech approx 5 hours before President Obama, this Thursday. Once Mr Bernanke sets the stage for optimism by saying that the quantitative easing which is necessary will be in place, followed by words from Mr Obama as to how many jobs the US will re-double the efforts to create, I hope will give the whole world a sigh of relief and grounds for real optimism.
I as always hope and pray for continued Recovery.