ECRI: Economy Still Worsening (New Week, Same Title)

According to the U.S. Weekly Leading Index (US WLI) released on 12/05/08 published by Economic Cycle Research Institute (ECRI), the economy is still worsening. Lakshman Achuthan of ECRI states:

Despite the first uptick in WLI growth since mid-September, it remains in a steep cyclical downtrend, suggesting that the recession will deepen further in the coming months.

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

Comments

[adan:]

good heads up info, thanks

2008 Dec 07 03:52 PM