Monday, January 26, 2009

Follow The Leader: Index of Leading Economic Indicators December 2008

Today’s results of the Conference Board’s Leading Economic Indicators continue to indicate significant economic weakness increasing slightly by 0.3% from November but declining 3.02% compared to December 2007, leaving the index at 99.5.

It’s important to note that the strong year-over-year declines seen since 2007 not only clearly suggested our current recession, the continued significant weakness likely indicates a recession that will not resolve easily.