Today’s results of the Conference Board’s Leading Economic Indicators continue to indicate troubled times ahead decreasing 0.5% from July and declining 2.70% compared to August 2007, leaving the index at 100.8.It’s important to note that a year-over-year decline greater than 1.5% has ONLY preceded EVERY recession that has occurred in the last 59 years so the 11 consecutive and significant year-over-year declines strongly suggests that overall the components of the index are indicating that recession is upon us.
