Today's chart, presents the ECRI leading index. The index is a composite of seven indicators chosen for their ability to signal both the beginning and the end of economic recessions. Over the past five decades, a downturn in the index of leading economic indicators has preceded the beginning of a recession by about 10 months; an upturn in the index has preceded the end of a recession by an average of 2 months. Where do we stand now? The index continues to move up strongly which suggests that the economy should continue to improve. Stay tuned...
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