Historically inerrant indicator points to U.S. recession

11/20/2012 | Seeking Alpha

A little-known but historically correct combination indicator produced by the Philadelphia Federal Reserve points to recession for the U.S. The ADS Business Conditions Index, which looks at six factors pertaining to employment, incomes, industrial output and gross domestic product, has pointed downward since 2010 and is currently flashing recession in the near term.

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