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!!!)

Sharing is Caring!

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!!!

See also  Here's How China's Economic Crisis Will Impact The US

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

See also  Shelter CPI increased 5.2%. That's the 29th consecutive month above 5%, the longest period of elevated housing inflation since the early 1980s.

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!!??

Views: 134

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.