Friday, July 16, 2010

ECRI Growth Rate falls to -9.8% - Bad Sign

In the 42 years of data we have for the ECRI (Economic Cycle Research Institute) which tracks leading economic indicators there have been ZERO times where the US did not fall into recession when the index growth rate hit -10%, a point that we are .2% away from. As my readers know, I don't believe this signals another recession - I believe it signals the strengthening of the current recession/depression the United States (and much of the globe) is mired in.

Scott Dauenhauer CFP, MSFP, AIF