Index of "Leading economic indicators" falls. But dis mean nuffin', citizen! Vote Dem in 50 days for more of dis!

The regime bleats "We are NOT in a recession!  Perish the thought!  The economy is BOOMING, citizen!  And anyone who claims we're in a re..  re... recession is a 'domestic violent extremist' and a 'MAGA Republican' and thus 'the greatest threat to our democracy.'"

The Lying Mainstream Media dutifully echoes: "We are NOT in a recession!"

Meek, obedient, hard-working citizen: "Um... it sure *looks* like a recession.  What makes you claim we're NOT in a recession?"

Mainstream Media: "Um...in other news, all opinion polls for the November election show the race absolutely TIED!"

Citizen: "Ah, got it."

Reality (courtesy of a *very reluctant* Marketwatch.com):

The U.S. leading index fell in August for the sixth month in a row, “potentially signaling a recession.”

The leading index fell 0.3% last month, extending a stretch of declines that began in March.

The LEI [leading economic indicators] is a gauge of 10 indicators designed to show whether the economy is getting better or worse. **Economists polled by The Wall Street Journal had forecast a 0.1% decline.**

Big picture: The economy has slowed from last year’s blistering pace. Gross domestic product, the scorecard for the economy, shrank in the first two quarters of the year.

Didja catch that?  "Duh only reason the LEI is down is that *last year* the economy was soaring at an absolutely "blistering pace" [growing hugely].  Ah, got it.  So...no worries, eh?

Now the Federal Reserve is sharply raising interest rates to try to squelch the highest inflation in almost 40 years, and higher rates slow the economy. Many economists even think a recession is likely *by next year.*

SEE, citizen?  We are NOT in a recession yet!  So there!

Key details: Most of the components of the leading economic index except for new jobless claims and the interest-rate spread declined in August.

The details of the report were *not entirely grim.*

That's wonderful!  "Not entirely grim."  Translation: "We are NOT in a recession."

The report is published by the Conference Board, a private nonprofit organization.  A senior director of economic research at the board said “Economic activity will continue slowing more broadly throughout the U.S. economy and is likely to contract.  The Conference Board projects a recession in the coming quarters.”

SEE?!  We are NOT in a recession!  And even if you thought we were, it's only because everything was booming so faaaabulously last year!  

And do NOT pay any attention to the stock market!  Okay, sure, maybe the DJIA is down 22% from the beginning of the year, and the Nasdaq is down 27%, but that means NOTHING, citizen.  After all, what do the markets know, eh?  Investors probably just moved their cash into crypto or bonds or gold, probably because they're worried about Global Warming or something.

Everything is FINE.  And anyone who claims the economy is NOT fine is a domestic extremist!

https://www.marketwatch.com/story/economy-is-slowing-and-potentially-signaling-recession-leading-index-finds-11663856001?mod=mw_latestnews