The ratio of the US Leading Economic Index to the Coincident Economic Index has dropped to 0.85, the lowest level since 2008.

Jinse Finance reported, according to data released by KobeissiLetter, that the US leading economic indicators continue to deteriorate, with the ratio of leading economic indicators to coincident economic indicators dropping to 0.85, the lowest level since 2008. This ratio has declined for four consecutive years. The Conference Board Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations, new manufacturing orders, average weekly hours, and initial jobless claims. Meanwhile, the Coincident Economic Index (CEI) measures the current state of economic development in real time, such as non-farm payrolls. Historically, every time this ratio has experienced such a significant decline as it does now, the US economy has already been in a recession.