Leading Economic Index Falls For 15th Straight Month--but dis mean nothing!

There's an outfit called "the Conference Board" that predicts economic turns.  Last Thursday it reported that the "index of leading economic indicators" fell 0.7 percent in June.  It was the fifteenth consecutive monthly decline.

For the six months between Dec of 2022 and June of this year the index was down 4.2%, which was a steeper decline than for the six months before that (3.8% from June 2022 to December).

It's now been in decline for fifteen months—the longest streak of consecutive decreases since 2007-08, during the run-up to the Great Recession.  All together, the data for the latest six months, coupled with the 15-month string of decreases, suggests the coming months will see higher prices, tighter monetary policy and harder-to-get credit.

Wait...you are instructed to ignore this story.  The FBI is saying it's probably "Russian disinformation."  In fact 51 former U.S. intelligence agents have said the entire "Conference Board" is a Russian intel op.  The FBI confirms that the so-called "board" is simply a front for Putin.

Wow, that's a relief, eh?

In news you can Trust, White House press secretary Karine Jean-Pierre says that after critical seasonal adjustment that you can't understand if you're not a Harvard grad, prices for energy, gas and food are all down, and that the White House is now increasing its efforts to solve the most important issue facing the people of Earth:  Getting congress to pass the Equality Act, allowing kids to change gender at age 12.

Source.
https://www.conference-board.org/topics/us-leading-indicators