Staff Reports
Looks like the liberal fear-mongers are at it again, predicting gloom and doom for the economy. The Conference Board’s Leading Economic Index (LEI) may be indicating a slight decline, but let’s not jump to conclusions here. The so-called “experts” are saying that the U.S. is heading towards a recession, but we’ve heard this tune before, haven’t we?
Sure, the LEI fell 0.1 percent in December, but it was actually less than what those pesky economists predicted. And hey, the decline was smaller than the previous month, so there’s that! The index has fallen 2.9 percent in the last six months, but hold your horses, because that’s still less than the 4.3 percent drop in the six months prior. See, things aren’t so bleak after all!
Bidencession? Leading Economic Index Points To Risk of Election Season Recession https://t.co/ISyvU6sPT1 via @BreitbartNews
— The Linger Family (@linger_the) January 23, 2024
Now, some senior manager at The Conference Board is out here saying that the LEI’s growth rates are negative and signaling a risk of recession ahead. But let’s not forget how wrong these predictions have been in the past. Last year, the LEI nosedived, and what happened? Economic growth actually picked up in the second and third quarters. So much for their crystal ball, right?
And get this, the government is about to release the first estimate for fourth-quarter growth, and all signs are pointing to a decent two percent pace of growth. But if recent economic data is any indication, it might be even higher! So much for the sky is falling routine!
In conclusion, readers, take these predictions with a grain of salt. The economy has proved the naysayers wrong before, and it’ll likely do it again. Let’s not buy into the liberal hype and keep our eyes on the real prize – a strong and thriving economy!
