Sunday, May 13, 2012

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – May 11, 2012 Update


As I stated in my July 12, 2010 post ("ECRI WLI Growth History"):
For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are.
However, I do think the measures are important and deserve close monitoring and scrutiny.
The movement of the ECRI WLI and WLI, Gr. is particularly notable at this time, as ECRI publicly announced on September 30, 2011 that the U.S. was “tipping into recession,” and ECRI has reaffirmed that view since, including a notable statement on March 15 (“Why Our Recession Call Stands”) as well as various interviews and statements this week, including:



Wall Street Journal video, May 9: "Free Market Economies Have Business Cycles"


Below are three long-term charts, from Doug Short’s blog post of May 11 titled “ECRI Update:  Reaffirming the Recession Call...Again."  These charts are on a weekly basis through the May 11 release, indicating data through May 4.

Here is the ECRI WLI (defined at ECRI’s glossary):

(click on charts to enlarge images)


-

This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:


-

This last chart depicts, on a long-term basis, the WLI, Gr.:


_________

I post various economic indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.
_____

The Special Note summarizes my overall thoughts about our economic situation

SPX at 1353.39 as this post is written

No comments:

Post a Comment