ECRI's Public Indicators Continue to Undermine Their Insistance That We're in a Recession
From dshort.com - Advisor Perspectives
January 18, 2013 - 12:20pm
Jan 18, 2013 Doug Short The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) rose in the latest public data. It is now at 130.4 versus the previous week's 128.1 (which is an downward revision from 128.3). See the WLI chart in the Appendix below. Likewise the WLI annualized growth indicator (WLIg) rose, now at 6.1, up from last week's 5.0 (a downward revision from 5.1). WLIg has been in expansion territory since August 17th.... ECRI's public indicators continue to undermine their insistance that we're in a recession. I think an ECRI retraction is way overdue.More...
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