The global economy has continued to slow this year and, although the U.S. has remained resilient so far, our Financial Sense Leading Economic Indicator (LEI) for the U.S. just took a big nosedive into negative territory.
Here's what Chris Puplava had to say on Friday's podcast, Is the Consensus Wrong?
"The Conference Board's LEI peaked in September of last year and that continues to roll over so we don't see a trough yet in the Conference Board's LEI, which would mean that the GDP for the U.S. should continue to decelerate. We developed our own LEI that is similar to the Conference Board's to measure pick-ups and decelerations in economic growth, and it tends to lead the LEI by several months. For the first time of this entire expansion, our own proprietary LEI is now in negative territory."