Don't forget to eat your ECRI
But he is sure he must have heard his Mum tell him to be sure to eat his ECRI. But what's an ECRI?
Now he's found out, and he's quite pleased he's avoided eating any since he left home.
A flashing red light from the ECRI
Friday’s breaking news is the annualized growth rate slowed to -9.8% from -9.1 for the week ended July 9.Click the link to see the chart. One picture is worth a thousand copyright claims.
At this level, the ECRI — which Lex says is noted for its prescience, longevity and impartiality in predicting business cycles — is flashing a great big warning sign that the US economy is going to double dip and head into recession.
A -10 per cent market nearly always signals a recession, apparently.