Friday, February 17, 2023

The Biden Recession Is Here

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:

  1. 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

    ReplyDelete