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jepittman - this is a leading indicator. this analysis uses data up to 07nov2008. it uses economic pressure points to predict the future. the descent has not "slowed".
Nov 16 19:13 pm
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All Comments by Steven Hansen »ECRI: Economy Falling at Fastest Pace in 60 Years [View article]
as far as foretelling the end of this economic event, i am enjoying listening to the "big boys" give their predictions - from a few months to a decade. to me, the bottom has so many variables in play this may be one of those times you just need to watch and see what happens - things are just too unpredictable.
steven hansen