Time To Call BS On ECRI’s Recession Prediction?
Last September, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) announced publicly that “the jury is in and the verdict is recession,” saying that a new recession was unavoidable based on the declines in the ECRI’s weekly leading index. But since that prediction, the ECRI’s index has turned up, and is now at 124.3 [...]
Last September, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) announced publicly that “the jury is in and the verdict is recession,” saying that a new recession was unavoidable based on the declines in the ECRI’s weekly leading index. But since that prediction, the ECRI’s index has turned up, and is now at 124.3 for the first week of March, more than 4 points above the 120.0 reading at the end of September (see chart above). Since the first of the year, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
