The Conference Board January 2023 Press Release Indicates US and China LEI Decline and Possible Recession
The Leading Indicators Reports (LEI reports) by the Conference Board are hinting at recession in 2023. I'm not so sure but let us see what happens. A small dip won't be a recession but how the year finishes is important. Similar to them I project the 2023/24 interchange is likely to show strength ( Perhaps digital economy growth heavy. I don't really like how the Fed defines digital economy as I think it can be limiting to the overall meaning. I might think of a metric for a broad calculation to show how much of the economy has now shifted to root digital transactions versus physical transactions. I bet we would find higher growth with digital transactions but that the calculation is using physical assumptions. It wouldn't seem like it would make a difference but a wrong assumption can make it through the chain and impact our choices. The animal spirits can have a mind of their own! Grrrrr!!! ) My reasoning is likely different then theirs as I'm thinking about the