Friday, November 24, 2023

Why the Index of Leading Indicators failed


 - by New Deal democrat

I have a post by the above title up at Seeking Alpha.

The Index of Leading Indicators has persistently declined for 22 months, and is off by a level that in the past has been consistent with already ongoing, deep recessions. And yet the economy has continued to improve.

Clearly there has been a misfire. The above article explains in more detail why I believe this has happened, for one long-term reason, and one unique to the post-pandemic environment.

As usual, clicking over and reading should be rewarding for you and a little bit for me.