Leading Economic Indicators Surge, Stocks Break Record High Again
As the impact of a bad hurricane season blew over, the index of leading economic indicators surged in October.
Even at the peak of the last economic cycle in 2006, the index never reached this height, and that was a debt-fueled bubble.
In contrast to the last expansion, this expansion is unfolding as the monthly ratio of a household’s fixed expenses versus income has hovered near a record-low for five years.
Rarely have consumers ever been better able to meet their monthly fixed expenses!
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