[quote=The-Shoveler]You would never know it from being at the Temecula Costco yesterday, that place was just crazy mobbed with customers with over stuffed carts.[/quote]
That’s not exactly a leading economic indicator, but it’s closer to what I’m looking for. Retail sales are holding steady. Job growth continues. No changes to employment. Layoffs at all time lows. There’s nothing in real estate that screams recession, though there are plenty of areas that require close monitoring. Those are some of the things that are predictive of a recession and almost invariably show up well before GDP turns negative.
