Recent panic capital flows into the US have increased liquidity, distorting the Treasury market, which has pulled funds out of equities, sending stock prices lower…
ECRI Growth Metric Drops Deeper Into Negative Territory
by: Doug Short September 9, 2011
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) has now dropped further into negative territory after oscillating…
The Swiss franc tumbled, dropping the most ever against the euro, after the nation’s central bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed.
Switzerland’s curren…
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…
“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the…
The ECRI Weekly Leading Index: Stabilization Continues
by: Doug Short August 7, 2011
I normally post an update on this proprietary metric each Friday shortly after the ECRI data is released to non-subscribers. But with all the market and economi…
The 4th of July is a fitting day to ponder the reality that we are at Peak Government, and the Savior State is unsustainable. This is a matter of accounting: no nation can spend more than it generates in surplus real output forever. What goes unremark…
The ECRI Weekly Leading Index: 10 Consecutive Weeks of Slowing Growth
by: Doug Short July 1, 2011
The Weekly Leading Index (WLI) Growth indicator of the Economic Cycle Research Institute (ECRI) declined to 2.0 from last week’s 2.9. This is the t…
This post is an abridged excerpt from the June 16 Wall Street Examiner Professional Edition Treasury update. Click here to try the service risk free…
Today’s retail sales report was far from a reason for the market to party. The media are reporting that on a seasonally adjusted basis, nominal…