Thursday, December 18, 2008

Follow The Leader: Index of Leading Economic Indicators November 2008

Today’s results of the Conference Board’s Leading Economic Indicators continue to indicate troubled times ahead declining 0.4% from October and declining 3.70% compared to November 2007, leaving the index at 99.0.

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.