Leading economic indicators in the US crash by most in over 60 years

Leading economic indicators in the US crash by most in over 60 years

The biggest monthly drop since the beginning of the series in 1959 has been witnessed by United States Conference Board’s leading economic index after it crashed 6.7% during the month of March. This showed that it will be difficult for the economy to pull out of this slump caused by the novel coronavirus disease.

pennydreadful
pennydreadful
Rhokanth
Rhokanth 1 months

Good. Let the world crash and burn so that people can see what an actual crisis is. You morons sold our future away over panic.

Pj
Pj 1 months

This is hest another panic scam, i bet we wont even notice the difference coming out of this well besides more government regulation created by panic.

Rational
Rational 1 months

Well no shit. But the poor destitute wealthy don't have to worry because they will be taken care of with that good government welfare they're getting. The rest of us, not so much.

Hasegawa Fish
Hasegawa Fish 1 months

Were the previous slumps caused by government mandated mass closure? I don't think so. I'm guessing we're going to come out of this quicker than they imagine when we're allowed to go back to work, make non-essential purchases, etc. again.

SickOfTribalisem
SickOfTribalisem 1 months

U don't say... but yeah people remember that today we are dealing with a modern economy... i don't want to enter the mmt vs keysian vs... arguments/... but economic.indicators have been showen before of how useless they often are... not allways but remember the big picture... not to mention that nowdays the economy is much more diversified and resilient and... then 60 years a go... we are in a crisis but idk what'll happend after the dust set... and nither do u... keep a eye on what's going on... but remember that thoes indicators aren't in any way perfect

Top in Business
Get the App