Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Recession ho!

(Read article summary)
View video

SoldAtTheTop

(Read caption) This chart shows the Economic Cycle Research Institute's weekly index, which has gone negative. It appears to be signaling that a recession is near, the author argues.

View photo

The latest release of the Economic Cycle Research Institute’s (ECRI) Weekly Leading Index has weekend yet again bringing the all important “growth” component to a value of -8.1 and triggering a firm recession call on the part of the ECRI’s Chief Operations Officer Lakshman Achuthan.

The chart above shows the ECRI’s Weekly Leading Index growth component since 1968. Notice that this index has turned notable negative which, along with an erosion in many other key macro-economic series, appears to be signaling recession is nigh.

About these ads

The following video of Achuthan with Bloomberg’s Tom Keene is well worth the watch as Achuthan details his reasoning for his recession call depicting it as “inescapable” as “contagion in the forward looking indicators” look like “wildfire”.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.