More Recession Flags are flying.
The Conference Board's Leading Economic Indicators (LEI) continued its decline in January, dropping 0.3% MoM (vs -0.3% exp).
The biggest positive contributor to the leading index was average workweek at 0.18
The biggest negative contributor was ISM new orders at -0.28
This is the 10th straight monthly decline in the LEI (and 11th month of 13) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)...
Well, yah, but that's only LEI, right?
Wrong, optimist-breath!!
The Yield-Curve inversion hits very serious territory:
US government bond investors pushed two-year yields above 10-year yields by the widest margin since the early 1980s Thursday, a sign of flagging confidence in the economy’s ability to withstand additional Federal Reserve interest-rate hikes....
Finally......
...Currently, nearly 40% of Americans are having trouble paying bills, and almost 57% of Americans can’t afford a $1000 emergency....
Altogether? A Giant Bowl of Not Good.
1 comment:
Remember we need to kill OBAMA CARE and get the feds completely out of Healthcare.
****THIS CAN NOT CONTINUE!***
and Health care has gone from about 4% to 20% of our domestic output
****THIS CAN NOT CONTINUE!***
........Health care has gone from about 4% to 20% of our domestic output; that is, it has multiplied in price by five. Just having a child is expensive, never mind the near-inevitable little thing here and there. Your kid breaking a leg playing a sport could bankrupt you in this country, and God forbid said child contracts a serious childhood disease such as Leukemia........
https://market-ticker.org/akcs-www?post=248037
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