Today’s podcast goes into my 6th recession red flag, which in theory was raised with the last leading economic index report, which now has the 4th month of decline. However, I am waiting until next month because the first month’s decline was minor.
As you can see below, this index peaked already, and with the 5 recession flags up, I am on the block to raise the 6th recession red flag.
If you know the components and the weightings, you can do this in your head before the reports come out. Hence, the leading economic index talking point that this index was set to fall months ago.
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These two articles look at the recent housing starts and existing home sales reports.
Housing Starts: Recessionary data is still intact here.
Existing Home Sales Report: Still Savagely Unhealthy.
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, financial writer, and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else