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.
Below are three long-term charts, from the Doug Short site’s ECRI update post of January 18, 2019 titled “ECRI Weekly Leading Index Update: YoY at 6+ Year Low.” These charts are on a weekly basis through the January 18, 2019 release, indicating data through January 11, 2019.
Here is the ECRI WLI (defined at ECRI’s glossary):
![ECRI WLI](https://www.economicgreenfield.com/wp-content/uploads/2019/01/Dshort-1-18-19-ECRI-WLI-145.1.png)
–
This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:
![](https://www.economicgreenfield.com/wp-content/uploads/2019/01/Dshort-1-18-19-ECRI-WLI-YoY-of-the-Four-Week-Moving-Average-3.28-Percent.png)
–
This last chart depicts, on a long-term basis, the WLI, Gr.:
![ECRI WLI, Gr.](https://www.economicgreenfield.com/wp-content/uploads/2019/01/Dshort-1-18-19-ECRI-WLI-Gr.-6.2-Percent.png)
_________
I post various economic indicators and indices because I believe they should be carefully monitored. However, as those familiar with this site 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 2669.71 as this post is written
No comments:
Post a Comment