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That’s Bidenomics for you! The Conference Board’s Leading Economic Indicators (LEI) continued its decline in January, dropping 0.4% MoM (notably worse than the -0.1% MoM expectations), and December’s 0.1% declin e was revised down to a 0.2% decline. The biggest positive contributor to the leading index was stock prices (again) at +0.10 The biggest negative contributor was average workweek at -0.18 This is the 22nd straight MoM decline in the LEI (and 23rd month of 25) – equaling the longest streak of declines since ‘Lehman’ (22 straight months of declines from June 2007 to April 2008) “The U.S. LEI fell...

Not exactly the economic report that the Biden Administration and The Federal Reserve were hoping for. To quote The Rolling Stones, “You can’t always get what you want.” Actually, the Conference Board’s Leading Economic Indicator is more of a BLEEDING economic indicator as we enter 2024. NEW YORK, Jan. 22, 2024 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.1 percent in December 2023 to 103.1 (2016=100), following a 0.5 percent decline in November. The LEI contracted by 2.9 percent over the six-month period between June and December 2023, a smaller decrease than its...

The Biden administration’s now-suspended Iran envoy Robert Malley helped to fund, support, and direct an Iranian intelligence operation designed to influence the United States and allied governments, according to a trove of purloined Iranian government emails. The emails, which were reported on by veteran Wall Street Journal correspondent Jay Solomon, writing in Semafor, and by Iran International, the London-based émigré opposition outlet which is the most widely read independent news source inside Iran, were published last week after being extensively verified over a period of several months by the two outlets. They showed that Malley had helped to infiltrate an...

"...... would always disagree because as shocked and depressed as I was over his election in 2008, it was Barack Obama’s re-election in 2012 that helped to confirm my worst suspicions about black America. In spite of lingering double-digit black unemployment, increasing black homelessness, food pantries with block long lines, inner-city schools that were still failing to meet even nominal standards of proficiency in reading, writing, and arithmetic, and headline news levels of racial strife, blacks still gave Barack Obama 93% of their vote."

Deutsche Bank: Don't Worry, All This Recession Talk Is Nonsense Gregory White Aug. 23, 2010, 1:35 PM Deutsche Bank have taken a closer look at one of the recession indicators troubling market participants the most right now, the index of Leading Economic Indicators (LEI). The main concern is the slowdown in the LEI over the last three months, with it up only 1.1%. But Deutshe Bank says not to worry about this three month stat. Only when the 12- month change in the LEI turns negative, matching a decline in the 3-month change does one need to become extremely worried...

Sometimes You Just Gotta Say WTF? I said enough last night ( I feel like I have a post post hangover). WTF - Zero Hedge - The Fed's 30 Minute Agency Monetization Window. "These shell games are getting tiresome. A half an hour turnaround time between issuance and buyback? Really Ben?". Zero Hedge is the WTF center of the universe. WTF - Mish - Can We Really Trust The Leading Economic Indicators? "I would agree that a slip back into recession in the 4th quarter is unlikely, assuming of course it is even possible. Bear in mind, we have not...