Data: The US leading economic indicators continue to deteriorate, and the US economy is already in a recession.

BlockBeats news, on December 6, KobeissiLetter released data showing that the US leading economic indicators continue to deteriorate, with the ratio of leading economic indicators to coincident economic indicators falling to 0.85, the lowest level since 2008. This ratio has been declining 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 nonfarm 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.