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Charts 12
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April 4, 2008
Chart of the day: ECRI Leading Index
The percent decline of this weekly index (Economic Cycle Research Institute leading economic indicator) has reached the low levels last seen at the bottom of the 1990 and 2001 recessions. Astonishingly, economists are still debating whether or not the economy is in recession. They prefer to engage in academic, semantic or definitional debates which can keep them happily employed. See also report The scenario for a possible stock market bottom:1990 recession re-visited again to which this chart will be added.
Chart of the day: ECRI Leading Index
The percent decline of this weekly index (Economic Cycle Research Institute leading economic indicator) has reached the low levels last seen at the bottom of the 1990 and 2001 recessions. Astonishingly, economists are still debating whether or not the economy is in recession. They prefer to engage in academic, semantic or definitional debates which can keep them happily employed. See also report The scenario for a possible stock market bottom:1990 recession re-visited again to which this chart will be added.
| Weekly ECRI Leading Index | |||||||||
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| Data courtesy of ECRI as of March 28, 2008 | |||||||||
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