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“UGLY”

29 July 2010 by Cullen Roche 4 Comments

Via John Hussman:

“Again, some analysts have suggested that we are only dealing with a slowdown in the growth rate of the WLI. This is not accurate. We’re observing a sharp contraction in the leading index itself. But just for fun, the chart below shows the 13-week change in the growth rate. This would clearly go into the file labeled “Ugly.”

Cullen Roche

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Comments
  • ChickenLittle

    Entire article is definitely worth reading, especially the section on the Fed engaging in fiscal policy.

  • barbadosbob

    The one thing about Hussman is that he gets it and spells it out in plain english the problem we are facing. Unlike Barton Biggs who flips a coin.

  • BK

    Hussman is seriously good – up there with TPC as the best in the business!