Friday, March 14, 2008

ECRI Weekly Leading Index

The ECRI Weekly Leading Index (WLI) declined to 132.2 for the week ending March 7 from a downwardly revised 132.5 (previously 132.6). The smoothed, annualized growth rate was little changed, decreasing to -10.4% from an unrevised -10.5%.

This is the good news for the US, and why I believe ECRI has not called a recession.

Global Investment cycles


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These are my own views, please enjoy these insights