Economic Recovery
The Conference Board's Leading Economic Indicators (LEI) came in at 123.9. April's reading, while quite strong, is still below the prior expansion's peak of 126.0 in March 2006.
What does this imply for the incursion of the next recession? Here is a look.
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Economic Recovery - The LEI and Recession Incursion
A look at the LEI (pink line) and recessions (gray bars) follows.
Typically it takes 4 years for the LEI to reach its prior expansion's peak. At 123.9, the LEI is still below the prior expansion's peak of 126.0. This suggests at least a few more months before matching the 2006 peak.
After the LEI reaches...
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