![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4ypCql3yfuQF4UhQszyUHP-C9qCUd6piEPJVz7miAaTyiIj_67edBeKeJ1MNoRiQRkDtrgbZ62zCBFJsLylk6zoB1uLbxD5e06fUgD96cZ1oUZLLXXji38SqFJ0XNLZ-E-XaSQQ/s400/followleader.jpg)
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.
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