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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)

''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.
When are these Biden people going to realize a recession is on its way?
Very bad situation of USD after the intervention. The fundamental worse news is coming one by one. USD now in the Busket.
Quoting Bakker
When are these Biden people going to realize a recession is on its way?
After they are booted out of office and complaining that Trump caused the Recession....I kid you not!
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.
Quoting fxsport
{quote} After they are booted out of office and complaining that Trump caused the Recession....I kid you not!
Quoting Bakker
When are these Biden people going to realize a recession is on its way?
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??
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.
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