"The St. Louis Fed’s financial stress index has recently started to rise again. This relatively new index was created recently to gauge the health of the financial markets..."
at http://pragcap.com/the-st-louis-feds-financial-stress-index-on-the-rise
Showing posts with label index. Show all posts
Showing posts with label index. Show all posts
Friday, June 11, 2010
ECRI Leading Economic Index Drops To 44 Week Low, Predicts Massive Economic Contraction
"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...
What is more troubling is a historical comparison to the dark days of the 1970's recession. While the amplitude of the recent pick up has been unprecedented, from -30 to +30, it is only mirrored by the -20 to +20 jump seen in 1971-1973. However, as can also be seen below, the ensuing crash following the first spike, was the worst one in the past 35 years. If history is any predictor, does the ECRI Leading Indicator index anticipate a comparable collapse in the economy to what was seen in late 2008?..."
at http://www.zerohedge.com/article/ecri-leading-economic-index-drops-44-week-low-predicts-massive-economic-contraction?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
What is more troubling is a historical comparison to the dark days of the 1970's recession. While the amplitude of the recent pick up has been unprecedented, from -30 to +30, it is only mirrored by the -20 to +20 jump seen in 1971-1973. However, as can also be seen below, the ensuing crash following the first spike, was the worst one in the past 35 years. If history is any predictor, does the ECRI Leading Indicator index anticipate a comparable collapse in the economy to what was seen in late 2008?..."
at http://www.zerohedge.com/article/ecri-leading-economic-index-drops-44-week-low-predicts-massive-economic-contraction?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
More On The Huge Slowdown Predicted By The ECRI Leading Indicators
"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
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
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