ECRI: NO DOUBLE DIP, BUT ECONOMY TO SLOW FURTHER

I've had one heck of a difficult time seeing how the ECRI's Weekly Leading Index is in any way useful (as it tends to have near 1:1 correlation with equities), however, I have to give credit where credit is due. Lakshman Achuthan and the team at ECRI not only predicted the recession, but also predicted the recovery. In their most controversial call earlier this year they called for a slowdown, but not a double dip. That call is looking pretty good based on recent data. Achuthan sees no double dip going forward, but believes the economy is going to slow further.

Source: Fox Business

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

PrintFriendly
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!