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ECRI: LEADING INDICATORS CONTINUE TO IMPROVE

15 January 2010 by TPC 2 Comments

The ECRI continues to report improvement in their internal leading indicators. Despite recent market jitters, the ECRI says the economic recovery is continuing at a healthy clip. The ECRI said their leading indicator climbed to 132.1 for the week, up from 131.6. The annualized growth rate edged down to 23.5%. Lakshman Achuthan, Managing Director at ECRI, remains confident that the recovery is poised to continue in the coming months:

“The ongoing recovery in U.S. economic activity is poised to continue in the months ahead.”

Source: ECRI

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2 Comments »

ike tossia said:

wanted to know, based on what ECRI came with these numbers so late in the game ? shorted S&P’s, Q’s and SMH into the selling of INTC last night, are we really going to recover from this ? lol… do they see the same as far as emerging markets and them bric’s ? shorted all those joke EEM’s monday, specially RSX and EWZ…should I fear the “recovery team” squeezing those fake ETF’s much higher ? did we see the top of this market this week ? what do you think the guy that covered 220.000 S&P minis yesterday after lunch time is feeling after last night and today ? poor thing was probably a hostage(short) for some time. OUCH, that’s a billion+ net loss, recovery ha ? not at that fund…some of us want to have fun again, pull-in time tipe of fun…