"The Economic Cycle Research Institute recently released its Weekly Leading Index numbers. The ECRI Weekly Leading Index level has been steadily declining since the end of April. Furthermore, the ECRI Weekly Leading Growth Index had a negative weekly reading of 3.46 for the first time since mid-2009, which marked the beginning of the end of U.S. economic woes.
Are we to see a double dip in the coming months as forecasted by the negative reading in this leading indicator? ECRI Managing Director Lakshman Achuthan stated a need for a “persistent” decline in the index in order to determine the possibility of a double dip in the U.S. economy."
in The Prag Cap
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