"As just mentioned, the ECRI's leading economic indicator has nose-dived. Zero Hedge believes it's a very worrisome sign and adds some good perspective with the following chart:
David Rosenberg's favorite leading indicator, the Economic Cycle Research Institute (ECRI) Leading Index, fell to 123.2 in the week ended June 4, down from 124 the week before, a -3.5% annualized contraction: the first time this has gone negative in over a year. This is the lowest level since July 31, 2009, when it was at 122.4, as the chart below demonstrates."
at http://www.businessinsider.com/leading-economic-indicator-drops-2010-6#ixzz0qZJbB8BF
No comments:
Post a Comment