The Recession Alarm has officially been sounded. According to Briefing.com, "The recession alarms go off when the cumulative 6 month decline [in Leading Indicators] exceeds 1.0% amid a string of 3 or more consecutive monthly declines..." "With a 5th consecutive decline and a cumulative 6-month decline exceeding -1.0% the index suggests an economic contraction..." There has actually been a 6 month decline of -1.4%.
Note: economic "contraction" = RECESSION.
It is of interest to note, however, that Briefing.com is calling this a "false alarm." That's what financial experts always claim, when their own criteria result in a negative finding. (There must be some reason our criteria led to an incorrect conclusion, because we just don't want to accept it. And we don't want the public to accept it, either, because they'll stop spending and investing.)
It's nice to know our financial "experts" are completely unemcumbered by any sense of truth or honesty. The link for the Leading Indicators is at: http://www.briefing.com/GeneralContent/Active/PrintPage/PrintPage.aspx?PageId=217
unlawflcombatnt
EconomicPopulistCommentary
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Investment does NOT create jobs. It only "allows" for their creation. Only DEMAND for goods creates jobs, because it requires workers to produce goods. Investment may "permit" job growth, but only DEMAND necessitates it.