Friday, June 25, 2010

Serious Downside Action in ECRI Index; The Double Dip Recession is Hovering

The ECRIIndex is now at December 2007 levels, the time when the last recession officially started. ERCRI's most recent index data dropped from an annualized revised -5.8% (previously -5.7%) to -6.9%.

The  "double dip" signs are everywhere, noticed by everyone, except MSM.

1 comment:

  1. here we go again!!!, this time the ride is going to be steep........... Let hope it does'nt break the back of this once great nation AMERICA USA