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39%  
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  • Highway To Hell! US Leading Economic Indicators Plunges -7.6% YoY (16th Straight Month Of YoY Declines)

    11/20/2023 9:05:38 AM PST · by Kaiser8408a · 4 replies
    Confounded Interest ^ | 11/20/2023 | Anthony B. Sanders
    Bidenomics is the economy’s Highway to Hell! Massive, staggering misallocation of scare resources to fund endless wars, green energy fraud, and massive wealth transfers to immigrants while disabled veterans suffer. Now we see that the US leading economic indicators is down -7.6%, definitely smelling like a recession. On a year-over-year (YoY) basis, the Leading Economic Indicators is down 7.6% (down YoY for 16 straight months) – close to its biggest YoY drop since 2008 (Lehman) outside of the COVID lockdown-enforced collapse. On a monthly basis (MoM), leading economics indicators are down -0.8%. It has been going down for 16 straight...