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ECRI Weekly Leading Index and Annualized Growth Rate
The current Weekly Leading Index reading of 128.3 is the highest since the week ending August 5, 2011 and is well above the 5-year average of 124.2 (January 2008 through January 2013). The current Weekly Annualized Growth Rate reading of +5.1 is well above the 5-year average of -1.6 (January 2008 through January 2013).
USA Weekly Leading Index
USA Annualized Growth Rate
Lakshman Achuthan and the ECRI According to Lakshman Achuthan's interpretation of his economic indicators (the Weekly Leading Index, the Annualized Growth Rate, and other metrics), a USA Recession is here, right now. He initially predicted in September 2011 there would be an eventual economic downturn. He has continued affirming since. Achuthan had said it could take up to a year from December 2011 to prove him correct. The video below is Achuthan's latest comments.
Recession Underway November 29, 2012 (Bloomberg) -- Indicators used to determine official U.S. recession dates have been falling since mid-year. Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, talks about the U.S. economy. Achuthan speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)
Watch video here.
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