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Economy
Recession

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  • The Leading Economic Index brings together data on stocks, housing, credit, jobs, and sentiment.
  • The trusted recession indicator has declined for 22 consecutive months through January.
  • Jeremy Grantham, Jeffrey Gundlach, David Rosenberg, and Gary Shilling have all warned about the trend.

A recession indicator with a stellar track record has been flashing red for nearly two years now, fanning fears that the economy is falling into a slump.

The Leading Economic Index fell for the 22nd consecutive month in January. It dropped by 3% between July and July, after slumping 4.1% over the preceding six months.

Here's a closer look at the early-warning system, and why it's worrying several top investors and economists.

Tags
economy, economy, us-markets-and-economy, Recession, leading-economic-index, the-conference-board, jeremy-grantham, david-rosenberg, jeffrey-gundlach, gary-shilling, economic-outlook, Unemployment, sp-500, housing-market, consumer-spending
Source
A trusted indicator is fueling recession warnings from Jeremy Grantham and othe…