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
|04/22/2014||Conference Board Leading Economic Index Increased in March||story|
|04/17/2014||Big Four Economic Indicators See Strong Advance||story|
|04/16/2014||Two Measures of Inflation||story|
|04/10/2014||New Jobless Claims Plunge to 300K, Much Better Than Forecast||story|
|04/08/2014||Small Business Sentiment Improved in March||story|
|03/27/2014||Visualizing GDP: Dissecting the Third Estimate Upward Revision||story|
|03/17/2014||The Big Four Economic Indicators: Industrial Production||story|
|03/11/2014||Small Business Sentiment Ends a Three-Month String of Improvement||story|
|03/05/2014||Anticipating Friday’s Employment Report||story|
|02/11/2014||Small Business Sentiment: A Fractional Improvement, but “Losing Steam”||story|