ECRI’s Controversial Recession Call: Fifth Consecutive Improvement in the Growth Index – Advisor Perspectives (dshort.com) – February 17, 2012

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The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -3.7 in today’s public release of the data through February 10th. This is the fifth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., least negative) since August 26th of last year. The underlying WLI decreased fractionally from an adjusted 123.6 to 123.5 (see the third chart below).

Early last December Lakshman Achuthan, the Co-founder of ECRI, spoke with Tom Keene on Bloomberg Television’s Surveillance Midday. You can watch the video on the ECRI website here, with bold heading Recession Update. The eight-minute video is well worth watching in its entirely. I’ve retained this link since my December 9th weekly update because ECRI continues to feature it as the lead on its website, which we must assume is an ongoing affirmation of their recession call.

Source: advisorperspectives.com

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