US Leading Indicators Tumble For 16th Straight Month, Signals "Economic Activity Like To Decelerate"
From Greg M
The Conference Board's Leading Economic Indicators (LEI) continued its decline in July, dropping 0.4% MoM (as expected).
The biggest positive contributor to the leading index was stock prices at 0.15
The biggest negative contributor was ISM New Orders at -0.18
This is the 16th straight monthly decline in the LEI (and 17th month of 18) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)
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The USA has been in a depression for a very long time. The only reason you don't see the soup lines of the 1903s is because of Government handouts such as food stamps and welfare. We have been living inside one big lie.
Oh boy