Biden's profligate spending, shrinking production has led to the inflation that has increased the costs of basics for American families by 12000 dollars per year more than during the Trump administation. PG 4 CGR
Breitbart, Dec 2, 2023. A key measure of the direction of the U.S. economy fell for the 19th straight month and once again indicated that a recession is looming early in 2024.
The leading economic index fell 8 percent in October, the Conference Board said Monday. The LEI is based on 10 indicators that tend to forecast the direction of the economy. Economists had expected a milder decline of 0.8 percent.
The last time the index declined for 19 months in a row was during the Great Recession when it fell from the end of 2007 through 2009. Among the leading indicators, deteriorating consumers’ expectations for business conditions, lower ISM Index of New Orders, falling equities, and tighter credit conditions drove the index’s most recent decline.
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