Why Are Walmart And Other Major US Retailers Canceling Billions Of Dollars In Orders As Summer Comes To An End?
https://www.zerohedge.com/personal-fina ... ars-orders
Watch the Conference Board's leading Economic Indicators (LEI)’s year-over-year change.
Once it falls to negative 1% versus the prior year, a recession is certain…
And we recently hit this key level.
We’ve seen eight other signals since 1969. In three cases, we were already in a recession. And in the other five, it took an average of six months before the recession began – with the longest wait time just less than a year.
Today’s signal is another clear sign that the economy is still under pressure. An official recession is almost certain.
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