ECRI: Economy Still Worsening 2 comments
November 28, 2008
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According to the U.S. Weekly Leading Index (US WLI) released on 11/26/08 published by Economic Cycle Research Institute (ECRI), the economy is still worsening. Lakshman Achuthan of ECRI states:
With the drivers of the business cycle still in a tail-spin WLI growth has fallen to another historical low, indicating that there is no economic recovery in sight.
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.
Disclosure: no positions
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You have been doing an excellent job of reporting on ECRI. Would you consider doing a monthly review article of ECRI and related news on SA? I, for one, would find this very valuable.
I have added you to my watch list.