Pundits predict recession is coming based on the US LEI down...
Pundits predict recession is coming based on the US LEI downtrend signal.
LEI is good leading indicator for US manufacturing, but manufacturing comprises about only 11% of US GDP, whereas ~70% of is about services.
Wrong perspective, wrong diagnosis, wrong prediction.
LEI is good leading indicator for US manufacturing, but manufacturing comprises about only 11% of US GDP, whereas ~70% of is about services.
Wrong perspective, wrong diagnosis, wrong prediction.
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