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  • The Conference Board LEI for the US Fell Further in August

    From conference-board.org

    The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 0.3 percent in August 2022 to 116.2 (2016=100), after declining by 0.5 percent in July. The LEI fell 2.7 percent over the six-month period between February and August 2022, a reversal from its 1.7 percent growth over the previous six months. “The US LEI declined for a sixth consecutive month potentially signaling a recession,” Ataman Ozyildirim, Senior Director, Economics, at The Conference Board. “Among the index’s components, only initial unemployment claims and the yield spread contributed positively over the last six months—and ... (full story)

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  • Comment #1
  • Quote
  • Sep 22, 2022 10:14am Sep 22, 2022 10:14am
  •  bogdan11
  • | Joined Aug 2013 | Status: Member | 75 Comments
''Not a recession, definitelly not a recession.'' J. Biden
How many more negative ''surprises'' are in store? But no, no, no, the US economy is ''strong''. 6 consecutive months of declining Leading Economic Indicators is proof of that. LOL.
 
2
  • Comment #2
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  • Sep 22, 2022 10:18am Sep 22, 2022 10:18am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 3128 Comments
When are these Biden people going to realize a recession is on its way?
 
1
  • Comment #3
  • Quote
  • Sep 22, 2022 10:24am Sep 22, 2022 10:24am
  •  Ftmofx
  • | Commercial Member | Joined Feb 2022 | 835 Comments
Very bad situation of USD after the intervention. The fundamental worse news is coming one by one. USD now in the Busket.
 
 
  • Comment #4
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  • Sep 22, 2022 11:26am Sep 22, 2022 11:26am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2661 Comments
Quoting Bakker
Disliked
When are these Biden people going to realize a recession is on its way?
Ignored
After they are booted out of office and complaining that Trump caused the Recession....I kid you not!
...because you never know - until you do!
 
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  • Comment #5
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  • Sep 22, 2022 12:34pm Sep 22, 2022 12:34pm
  •  Momofrmnyc
  • | Joined May 2019 | Status: Rolling in the Pippppssss! | 745 Comments
Most of these politicians are out of touch with the average joe. So for him sure he's not feeling or seeing a recession and his friends aren't either. The person working the 9-5 who gets overlooked is sure feeling it though.

I truly wish we did more to change the rules and get some of these old and inundated individuals the hell out of office.
The markets are like water it ebbs and flows.
 
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  • Comment #6
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  • Sep 22, 2022 4:26pm Sep 22, 2022 4:26pm
  •  RossEdwards
  • Joined Jun 2019 | Status: Member | 3299 Comments
Quoting fxsport
Disliked
{quote} After they are booted out of office and complaining that Trump caused the Recession....I kid you not!
Ignored
Quoting Bakker
Disliked
When are these Biden people going to realize a recession is on its way?
Ignored
Why o why do non US members (majority) have to endure endless US, partisan political comments that litter these threads. Particularly when our independent analysis unburdened by this HS so often make nonsense of the claims of the ideological platforms from which we are being preached.
Come on guys. Some smart folk here doing this.. Please leave your political ideology at the door??
Warning: A Dangerous Subversive: 1% of comments CoCed
 
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  • Comment #7
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  • Sep 22, 2022 5:13pm Sep 22, 2022 5:13pm
  •  trumps
  • Joined Mar 2020 | Status: Member | 535 Comments
There is much political ideology thrown around these forums, both during Biden's and Trump's time in office. But it seems some are only concerned with those -ve comments made towards Biden....Political ideology dressed up as objective commentary.
Compulsions can be hard to resist
Pulchra All Time Return: -88.4%
 
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  • Story Stats
  • Posted: Sep 22, 2022 10:00am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 7  /  Views: 2,062
  • Linked event:
    US CB Leading Index m/m
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