ECRI Indicator Set to Post an Another Interim High Tomorrow
This morning I received a pair of charts from Dwaine van Vuuren in anticipation of tomorrow's weekly update from ECRI on the company's Weekly Leading Index (WLI) and Weekly Index Growth (WLIg).
The two charts illustrate the why many of us continue to be amazed at ECRI's adamant position on its September 2011 recession call and its subsequent assertion that a recession started in July of last year.
The first one below shows the WLIg, poised to post its highest reading since May 14, 2010.
The next one shows the WLI itself.
For additional information, check out Dwaine's Shadow Weekly Leading Index Project.
Dwaine van Vuuren is CEO of RecessionALERT.com, a provider of investment research.
Source: Advisor Perspectives
About Doug Short
Doug Short Archive
|03/25/2015||Big Four Economic Indicators Weaken – Weather or Recession?||story|
|03/19/2015||Conference Board Leading Economic Index Remains in Growth Territory||story|
|03/17/2015||Big Four Economic Indicators: Still in Stall Speed||story|
|03/12/2015||A Stunning Miss for February Retail Sales||story|
|03/02/2015||ISM Manufacturing Index: Slowest Growth in Thirteen Months||story|
|02/27/2015||NYSE Margin Debt Declined in January||story|
|02/20/2015||Conference Board Leading Economic Index: Growth Moderates||story|
|02/18/2015||The Big Four Economic Indicators: Back to Stall Speed||story|
|02/06/2015||The Civilian Labor Force, Unemployment Claims and the Business Cycle||story|
|01/30/2015||Q4 GDP Advance Estimate at 2.6% Disappoints Expectations||story|