ECRI Weekly Leading Indicators at Negative 9.8; Has the ECRI Blown Yet Another Recession Call?
Posted on July 24th, 2010 in Economy | Comments Off
Inquiring minds have been watching the ECRI’s weekly leading index plunge nonstop since October of 2009. Moreover the WLI has been in negative territory for 6 consecutive weeks. click on chart for sharper image Is that a recession call by the ECRI? Absolutely not, at least as of June 14, according to Lakshman Achuthan managing director of ECRI who blasted the Wall Street Journal for misleading reporting. The Business Insider discusses the situation in Why Last Week’s Collapsing ECRI …
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ECRI Weekly Leading Indicators at Negative 9.8; Has the ECRI Blown Yet Another Recession Call?