ECRI Weekly Leading Index Growth At -7.7% | Tainted Alpha

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ECRI Weekly Leading Index Growth At -7.7%

July 2nd, 2010 by Belisarius

A reading of -10.% was historically 100% correct predictor of a recession. At todays level the track record is, if my memory serves right, 7 recession of 8 times reading this low.

Chart 1. ECRI Weekly Leading Index

Source: Bloomberg

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ECRI Weekly Leading Index

This entry was posted on Friday, July 2nd, 2010 at 10:28 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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