WorthyNewsBot Posted November 22, 2023 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.44 Content Count: 44,470 Content Per Day: 7.19 Reputation: 987 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted November 22, 2023 By Casey Harper | The Center Square (Worthy News) – A new economic analysis of the U.S. economy projects a recession around the corner. An international nonprofit, The Conference Board, has released its Leading Economic Indicators report, which projects into the next year for the U.S. economy. That analysis, among other things, projects high inflation, high interest rates and declining consumer spending. “The US LEI trajectory remained negative, and its six- and twelve-month growth rates also held in negative territory in October,” Justyna Monica, senior manager, Business Cycle Indicators, at The Conference Board, said in a statement. “Among the leading indicators, deteriorating consumers’ expectations for business conditions, lower ISM® Index of New Orders, falling equities, and tighter credit conditions drove the index’s most recent decline.” Increased federal debt spending has helped fuel the elevated inflation of recent years. Meanwhile, that inflation as well as dysfunction in Washington, D.C. around funding the government has led to an international credit downgrade of the U.S. government. In August, Fitch Ratings, one of the top three international credit rating groups in the world, downgraded the U.S. from AAA to AA+, raising concerns about federal spending, which has also helped fuel the higher interest rates. The Conference Board report also projects a recession. “After a pause in September, the LEI resumed signaling recession in the near term,” Monica said in a statement, adding that it will be a “very short” recession. “We forecast that real GDP will expand by just 0.8 percent in 2024.” Reprinted with permission from The Center Square. The post Report: Economic recession coming for the U.S. appeared first on Worthy Christian News. View the full article Link to comment Share on other sites More sharing options...
The_Patriot21 Posted November 22, 2023 Group: Worthy Ministers Followers: 27 Topic Count: 338 Topics Per Day: 0.05 Content Count: 15,715 Content Per Day: 2.45 Reputation: 8,535 Days Won: 39 Joined: 10/25/2006 Status: Online Birthday: 02/27/1985 Share Posted November 22, 2023 I wasn't aware we ever left the recession we've been in since COVID and the Biden takeover. 1 Link to comment Share on other sites More sharing options...
FJK Posted November 22, 2023 Group: Royal Member Followers: 0 Topic Count: 43 Topics Per Day: 0.10 Content Count: 3,349 Content Per Day: 7.61 Reputation: 1,305 Days Won: 1 Joined: 03/01/2023 Status: Offline Share Posted November 22, 2023 This is going to make it difficult to take care of our migrants. Link to comment Share on other sites More sharing options...
other one Posted November 22, 2023 Group: Worthy Ministers Followers: 29 Topic Count: 599 Topics Per Day: 0.08 Content Count: 56,260 Content Per Day: 7.56 Reputation: 27,988 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted November 22, 2023 4 hours ago, FJK said: This is going to make it difficult to take care of our migrants. Maybe they'll go home. Link to comment Share on other sites More sharing options...
choir loft Posted November 27, 2023 Group: Diamond Member Followers: 6 Topic Count: 70 Topics Per Day: 0.02 Content Count: 1,223 Content Per Day: 0.38 Reputation: 336 Days Won: 0 Joined: 08/23/2015 Status: Offline Birthday: 10/10/1947 Share Posted November 27, 2023 On 11/22/2023 at 10:51 AM, other one said: Maybe they'll go home. Not as long as liberal inspired groups support them... Not as long as the illegals send what extra money they've stolen back home to finance their relatives' trip to America. Not as long as the American people continue to believe its ok to ignore the law and wink at those who do. Not as long as our borders are wide open.......its harder to get into a professional ball game than to cross the American border. Not as long as we remain stupidly in support of politicians who allow illegals to violate our laws. that's me, hollering from the choir loft... Link to comment Share on other sites More sharing options...
Neighbor Posted November 27, 2023 Group: Worthy Ministers Followers: 18 Topic Count: 962 Topics Per Day: 0.35 Content Count: 13,708 Content Per Day: 5.04 Reputation: 9,109 Days Won: 6 Joined: 12/04/2016 Status: Online Birthday: 03/03/1885 Share Posted November 27, 2023 On 11/21/2023 at 11:12 PM, The_Patriot21 said: I wasn't aware we ever left the recession we've been in since COVID and the Biden takeover. Well I am not in a recession. God has blessed mightily. For the first time since I retired I can get decent return on life's savings! I just filled up on $2.73 a gallon gasoline, not too bad a price. I do not foresee a recession coming no matter who is in power in the USA. Fact I see a greatly improving economic picture overall. Praise God for his provision. About the only thing that is a bit of an annoyance is my new residential air conditioning unit is still back ordered, has been for two month now. Production lines are not able to keep up with demand for units. Just a guess, but it is not too surprising that they are behind in manufacturing needed number of units, what with all the new industrial and residential construction, and thousands of apartment units being built. Link to comment Share on other sites More sharing options...
The_Patriot21 Posted November 28, 2023 Group: Worthy Ministers Followers: 27 Topic Count: 338 Topics Per Day: 0.05 Content Count: 15,715 Content Per Day: 2.45 Reputation: 8,535 Days Won: 39 Joined: 10/25/2006 Status: Online Birthday: 02/27/1985 Share Posted November 28, 2023 11 hours ago, Neighbor said: Well I am not in a recession. God has blessed mightily. For the first time since I retired I can get decent return on life's savings! I just filled up on $2.73 a gallon gasoline, not too bad a price. I do not foresee a recession coming no matter who is in power in the USA. Fact I see a greatly improving economic picture overall. Praise God for his provision. About the only thing that is a bit of an annoyance is my new residential air conditioning unit is still back ordered, has been for two month now. Production lines are not able to keep up with demand for units. Just a guess, but it is not too surprising that they are behind in manufacturing needed number of units, what with all the new industrial and residential construction, and thousands of apartment units being built. Lol ok, whatever you say. Link to comment Share on other sites More sharing options...
Neighbor Posted November 28, 2023 Group: Worthy Ministers Followers: 18 Topic Count: 962 Topics Per Day: 0.35 Content Count: 13,708 Content Per Day: 5.04 Reputation: 9,109 Days Won: 6 Joined: 12/04/2016 Status: Online Birthday: 03/03/1885 Share Posted November 28, 2023 Amazon made $10,000 a second during the first quarter of this year and just did did 1000 transactions a second over this weekend. Somehow, somewhere, people are consuming, and that means people are working to provide too. What might be called a recession under such robust worldwide commerce? Even a 20 percent pullback will still remain a supply side challenge. One can buy into fear ( bears) or buy into boom ( Bulls) in all matters not just corporate stock shares. Each will find their mindset fulfilled for those that fear will suffer and those that have positive outlook will prosper in the best of times and the worst of times. Link to comment Share on other sites More sharing options...
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