FOXNEWS FOX Friends First October 20, 2021 09:19:00
Consumer indices plummeting, a 10 point drop indicates a recession, 25.3% according to the conference board, 21 points according to your colleagues at the university of michigan. without getting too much into microeconomics, why does the consumer index show a recession? >> because of the drop. what we show is in the previous six recessions, in particular the big one in 2007-8, these indices predict 6 to 12 months in advance what is going to happen in the real economy. what is going to happen to employment, unemployment, wages and gdp growth, that is why we should look carefully. it is true tha...