Owen B

Here Come the Economic Clowns

Either ECRI is totally full of it, or people are going to be caught flat-footed:

www.reuters.com/articl...

Here Come the Economic Clowns

Hi Steve,

I'm with you but I don't get what you mean here,

"one final point, i am seeing no economic indicator -except leading ones such as new orders - which shows this great recession is ending. and this data is subjective, not objective."

This doesn't seem to jibe with your regular posting of ECRI leading indexes? I also have been led to understand that their indexes are "objective."

OB

On Aug 09 07:28 AM Steven Hansen wrote:

> markfl
> i always read John Lounsbury and you will find my comment already
> there.
>
> you are correct about trucking being a coincident indicator. the
> problem is that there is no quantitative pulse point (data set).
> if you look at my history, logistics is one of the areas i consult.
>
>
> however, sea and rail transport do provide timely real time data
> to analyze. and both of these remain with the recessionary levels.
>
>
> one final point, i am seeing no economic indicator -except leading
> ones such as new orders - which shows this great recession is ending.
> and this data is subjective, not objective.
>
> when i see quantitative data rising, i MIGHT think things are getting
> better. the problem with quantitative data in the next few months
> is that it is stimulus driven. i am not a fan of stimulus, and all
> it does is make big W's economically.