US Leading Economic Index: +0.09% over past yr, slowest growth since 2009.
Last 5 times LEI went from + to – YoY…
-Aug 2006 (recession Dec '07)
-Nov 2000 (recession Mar '01)
-Jan 1996 (only 1 month neg, no recession)
-Oct 1989 (recession Jul '90)
-Jul 1981 (recession Jul '81) pic.twitter.com/lS7lmZs4Yp— Charlie Bilello (@charliebilello) December 19, 2019
The Conference Board LEI growth rate has fallen below 0% for the first time this economic cycle. pic.twitter.com/fvNW0xbGVr
— Eric Basmajian (@EPBResearch) December 19, 2019
About That Inverted Yield Curve, Coming Recession, and Repopocalypse https://t.co/BFMKWKvqiU pic.twitter.com/BP3fhscxoy
— Gregor Samsa (@macromon) December 19, 2019
"Most major economies have likely averted recession for now but growth will remain subdued in 2020, according to Reuters polls, despite the recent round of central bank stimulus and signs of a preliminary truce in the U.S.-China trade war." pic.twitter.com/mrOJhTI6gx
— Alastair Williamson (@StockBoardAsset) December 20, 2019