Submitted by Elmwood Data on 03/19/2012 - 08:14
Green Shoots Recession
Last week the Economic Cycle Research Institute (ECRI) affirmed their call made last fall that the U.S. economy would soon be in recession. The ECRI’s main business focus is to try and predict the ups and downs of the business cycle, and they have had an outstanding record over the years. Right now the absolute level of the index may suggest economic weakness, but the second differential has suggested an improving stock market is also in the cards.