Following the work being done by Rick Davis at Consumer Metrics Institute, the best macro work out there is being done by the Economic Cycle Research Institute. Their ECRI Index just went seriously negative at negative 10.5%.
Bottom line: The two best macro-data trackers, who are light years ahead of the data aggregated by the BLS, are both flashing serious trouble for the economy.
Brace yourself. The stock market is likely to lead this leg down,
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