ECRI Growth Metric Drops Deeper Into Negative Territory
by: Doug Short September 5, 2011
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) dropped deeper into negative territory after oscillating in a narrow range (1.5 to 2.1) from late June through the first week of August. Today’s update, data through August 26, now puts the decline at -4.3, down from last week’s revised -2.1. The interim high of 8.0 was set in the week ending on April 15.
Liquidity moves markets!
Follow the money. Find the profits!See the CNBC video clip featuring Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI, which aired on Wednesday, August 31st, just before the ADP jobs report.
http://seekingalpha.com/article/291592-ecri-growth-metric-drops-deeper-into-negative-
territory
