Tuesday, April 3, 2012

ECRI Is about to Get Nailed by the Ongoing Boom

Ed Yardeni explains:
The ECRI’s Weekly Leading Index may be about to defy its bearish handlers. It rose for a fifth consecutive week on March 23 back to its early August high. The compilers of this index at the Economic Cycle Research Institute have been adamantly predicting a recession despite the rebound in their index. In their opinion, it has been distorted by seasonal factors, so they focus on its y/y growth rate. They may have to change their forecast if this growth rate continues to rebound from a recent low of -6.7% at the end of last year to -3.3% during the latest week.

1 comment:

  1. Yet your predictions of the last year, that a boom was imminent, will be ignored by TPTB.