In September 2011, the Economic Cycle Research Institute proclaimed a new U.S recession would begin sometime in the coming year. ECRI based its prediction on a host of its own internal long-leading indexes, together with its widely followed weekly leading index (WLI). I do not wish to debate the merits of ECRI’s recession call here (I wrote on this topic last week), but since the ECRI WLI is so widely followed – presumably because it is free to the public […]
