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%.
http://www.dallasfed.org/data/data/us-charts.pdf
This is the good news for the US, and why I believe ECRI has not called a recession.
Global Investment cycles
Disclaimer
This Global Historical probability model is intended for information only and under no circumstances should items be considered as recommendations to purchase or sell investments.
Any statements contained herein that are not based on historical fact are forward-looking statements. Any forward-looking statements represent the Investment advisor’s best judgment as of the present date as to what may occur in the future. However, forward-looking statements are subject to many risks, uncertainties and assumptions, and are based on the Investment advisor’s present opinions and views. For this reason, the actual outcome of the events or results predicted may differ materially from what is expressed. Furthermore, this investment advisor’s views, opinions or assumptions may subsequently change based on previously unknown information, or for other reasons. The Investment advisor assumes no obligation to update any forward-looking information contained herein. The reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements.
