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ECRI Declines, Passes Below "Double Dip" -10% Threshold Again

Tyler Durden's picture
Submitted by Tyler Durden on 09/03/2010 10:37 -0400



 

The ECRI Leading Indicator Index just came at -10.1%, a drop from last week's -9.9%, once again inflecting into double dip territory. One can only imagine what the spin proffered by the index creators will be this time: it was suddenly very credible last week, hopefully that credibility persists as it reaffirms a definitive double dip yet again.

 
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Fri, 09/03/2010 - 12:21 | 562251 firstdivision
firstdivision's picture

Wasn't the expectations on the job report to be +10k?  When did it get changed to -100k?

Fri, 09/03/2010 - 16:00 | 562821 enobittep
enobittep's picture

As my grandfather used to say, "Facts are stubborn things".

Fri, 09/03/2010 - 17:14 | 562960 Deflating in Denver
Deflating in Denver's picture

Johnny B, I'm in Denver as well. The property values in the core city have stabalized, but head north or south to the burbs, and any property sold between 06 and 08 are still cratering. Anything above $417K is dead in the water.

Wed, 09/29/2010 - 05:36 | 611997 Herry12
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