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The economic data that get the most play in the news—unemployment, retail sales—are coincident or lagging indicators and historically have not revealed much about directional changes in the economy. ECRI's proprietary methodology breaks down indicators into a long-leading index, a weekly leading index, and a short-leading index. "We watch for turning points in the leading indexes to anticipate turning points in the business cycle and the overall economy," says Achuthan. It's tough to recognize transitions objectively "because so often our hopes and fears can get in the way." To preve
Originally posted by VernonBC
Yup....recession is now officially over. It's now a depression.
I think this is just another way to get the general populace to go further into debt and SPEND SPEND SPEND SPEND.
I don't think we have seen anything yet.
Just my 2 pennies worth.