The San Francisco Federal Reserve has published a report that is generating a lot of buzz in the financial markets. Entitled, “Future Recession Risks”, the paper reviews the predictive capabilities of the US Conference Board’s Leading Economic Index. This report has been cited in several articles providing outlook for a double dip recession and generating additional angst for investors.

As most know, the LEI is published once a month by a private research group in New York City. It is composite comprised of 10 indicators that are known to swing up or down well in advance of the rest of … …READ MORE