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Another Leading Indicator Signals Impending Recession


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The current administration claims that the U.S. economy is incredibly strong…

Unfortunately, many metrics and leading macroeconomic indicators tell a completely different story and point to an impending recession or worse.

Inflation stands at a record 8.2%, growth is down, the Federal Reserve has raised interest rates several times, and we continue to see the Leading Economic Index sink deeper into the negative.

According to sources, the Leading Economic Index has predicted every single recession, with 100% accuracy, over the last 40 years.

Other metrics seem to indicate that the U.S. economy is already in a recession, with the official definition of a recession being 2 consecutive quarters of negative growth.

Here’s what the data indicates:

The Epoch Times dissected the financial information:

The Conference Board’s Leading Economic Index (LEI) declined by 0.4 percent to 115.9 in September after remaining unchanged in August, according to an Oct. 20 press release.

During the six-month period between March and September, the LEI had fallen by 2.8 percent, which is a reversal from the 1.4 percent growth registered in the previous six months.

 

According to CNS News, Joe Biden claims the economy is incredibly strong:

“Our economy is strong as hell,” President Joe Biden declared in an impromptu remark on Saturday – but, a new national survey shows that nearly nine of ten U.S. voters say they think the country is currently in a recession.

“Our economy is strong as hell — the internals of it,”  “Inflation is worldwide. It’s worse off everywhere else than it is in the United States.

So the problem is the lack of economic growth and sound policy in other countries, not so much ours.”


 

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