ECRI Finally Improves, Hits -9.2 From -10.1 Prior
The latest ECRI Leading Indicators data printed at -9.2, as it continues straddling the -10 level which is indicative of a double dip, improving modestly from last week's unrevised -10.1. At this point the Leading Indicator is merely feeding from market signals, and if the market jumps, so does the ECRI, and vice versa. Presumably a concurrent market is somehow supposed to predict the economic direction. Yet if one listens to Alan Greenspan, that is precisely what happens, proving that anything having ever come out of the Chicago School of Voodoo should be forever banned from actual practical implementation. Here is the overarching thesis of the Zero Hedge School For Non Robotic Trades who Wish To Learn To Trade Good: "The real EMT is really all about market manipulation higher, higher, higher. Any questions."