That’s Biden/Harrisnomics! Leading Economic Indicators Down For 29th Straight Month (Outside Of Great Financial Crisis, The Worst Decline In LEI Since Mid ’70s!!!)

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by confoundedinterest17

That’s Biden/Harrisnomics!

US Leading Economic Indicators down for their 29th straight month – at a level worse than the trough of COVID lockdowns…

…and the head of The Conference Board says ‘nothing to see here’…

The LEI continues to fall on a month-over-month basis, but the six-month annual growth rate no longer signals recession ahead,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.

For context, outside of the great financial crisis, this is the worst decline in LEI since the mid ’70s!!!

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And what is behind the ‘no recession’ call… US equity strength!!

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Thank The Feral Reserve for the equity spike!

So, to summarize – almost all the macro data signals weakening growth for years… but because stocks are up (and credit spreads down), there’s no recession anywhere on the horizon!!??

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