Thursday, November 20, 2008

Follow The Leader: Index of Leading Economic Indicators October 2008

Today’s results of the Conference Board’s Leading Economic Indicators continue to indicate troubled times ahead declining 0.8% from September and declining 3.49% compared to October 2007, leaving the index at 99.6.

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.