The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on August 17, 2023, 05:03:28 pm
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Leading Economic Indicators Fall Again, Still Point To Looming Recession
John Carney 17 Aug 2023
A key index of economic indicators that are thought to provide insight into the direction of the economy fell in July, the 16th consecutive monthly decline, and continues to indicate a recession is approaching.
At the same time, a barometer of current conditions indicates that the economy continues to expand.
The Conference Board said its leading economic index fell 0.4 percent in July, in line with Wall Street’s forecasts. Seven of the 10 components of the index fell in July.
Broad, deep, and lasting declines in the index have typically led to recessions. But this year the economy has defied recession predictions and forward-looking indicators, with the economy not only ”
“The leading index continues to suggest that economic activity is likely to decelerate and descend into mild contraction in the months ahead. The Conference Board now forecasts a short and shallow recession in the Q4 2023 to Q1 2024 timespan,” said Justyna Zabinska-La Monica, senior manager of business cycle indicators at the Conference Board.
Zabinksa-La Monica said “weak new orders, high interest rates, a dip in consumer perceptions of the outlook for business conditions, and decreasing hours worked in manufacturing fueled the leading indicator’s” decline in July.
more
https://www.breitbart.com/economy/2023/08/17/leading-economic-indicators-fall-again-still-point-to-looming-recession/
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Ridiculous. Schumer said so.
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Ridiculous. Schumer said so.
If I have learned one thing in my life it's that when a democrat tells you something they are lying and you better get a tight grip on your wallet.
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Ridiculous. Schumer said so.
And CNBC, and Bloomberg too. It's not only the traditonal MSM that is cqrrying Pedo Joe's water.
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Which will be right about recession ... inverted yeild curve or Chuckles?
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(https://pbs.twimg.com/media/F4Im1K0aYAAJZeE?format=jpg&name=small)
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(https://pbs.twimg.com/media/F4Im1K0aYAAJZeE?format=jpg&name=small)
That'll happen from time to time when the government manipulates the stock market.
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Russia's condition really wasn't what struck me from that graphic - it's how poorly the US is doing.
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Russia's condition really wasn't what struck me from that graphic - it's how poorly the US is doing.
Without having the details for what goes into that number, the number is misleading. Both for Russia and for the U.S.