ECRI: Economy Worsening at Fastest Pace on Record

According to the U.S. Weekly Leading Index (US WLI) released on 11/21/08 published by Economic Cycle Research Institute (ECRI), the economy is rapidly worsening. Lakshman Achuthan of ECRI states:

With WLI growth nose-diving to yet another historical low, the outlook for the economy is worsening at the fastest pace on record.

The US WLI has a slight lead over business cycles.

As a leading indicator, the WLI is demonstrating that economic conditions in the future are going to be worse than they are today.

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