Source: Bianco Research LLC
Charts Of The Week, December 7, 2011
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) posted -7.8 in its latest reading, data through November 25. The latest public data point is more negative than last week’s downwardly revised -7.4 (previously -7.3).
See also the recent Bloomberg interview with Lakshman Achuthan, the Co-founder of ECRI (video).
Their Recession Call remains intact.