ECRI: Economy Still Worsening

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.

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Comments

[John Lounsbury:]

Steve - - -

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.

2008 Nov 28 11:40 AM

[User 167260:]

Excellent, Now could you pass that information on to the Government, Market and the News , they seem to be disconnected .

2008 Nov 29 08:21 AM