LEI Signals Recession: 16-Month YoY Decline, Echoes 2008 Trends

The Leading Economic Indicators (LEI) sustained a year-over-year decline of 7.6%, marking 16 consecutive months in negative territory. This downturn, reminiscent of the 2008 financial crisis, excluding the COVID lockdown-induced collapse, is a significant cause for concern. The trajectory of the U.S. LEI persistently signals an impending recession over the next 12 months, highlighting ongoing economic challenges and drawing parallels to the turbulent period surrounding the Lehman collapse in 2008.