Thursday, November 3, 2011

ECRI Recession Watch: Growth Index Virtually Unchanged

Here is some additional information on the ECRI recession call provide by Doug Short.  As noted the ECRI does not provide the analytical detail behind it's recession call and neither does is specify a recession date.  Even though the revised GDP at 2.5% was better than expected that number is rear view looking.

Again I believe we are suffering from a lack of confidence due to lack of government leadership and the  continued issues with the European financial crisis where one day you have a possible solution and the next day you do not.  It makes investing extremely difficult no matter what side of the trade you are on long or short.

ECRI Weekly Leading Index

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