According to the Economic Cycle Research Institute (ECRI) and their proprietary group of leading economic indicators, the END of the grueling U.S. recession that officially began back in December 2007 is FINALLY within sight. Over the last 75 years, economic growth rate cycle upturns during EVERY recession have been followed zero to 4 months later by the actual END of the recession itself.In TheStreet.com article referenced below, Anirvan Banerji, the director of research for the globally-renowned ECRI, writes that both the U.S. Long Leading Index (USLLI) and the U.S. Weekly Leading Index (WLI) have now been in cyclical upturns for the past 4 months. The growth rate for the USLLI turned up (and has since sustained this trend) in November 2008 while the growth rate for the WLI followed shortly and began its turnaround in December 2008. Along with the rest of ECRI's leading indices, these intriguing developments indicate a business cycle recovery THIS year, and probably by the end of the SUMMER.
Lastly, it should be properly noted that ECRI's leading economic indices correctly predicted the ongoing housing/debt bubble recession. ECRI's Weekly Leading Index (WLI) initially turned negative back in early June 2007, and eventually plunged in December 2007 to levels that had not been seen since the 2001 tech/dot com bubble recession.
thestreet.com/10495033/1/banerji-the-end-of-the-recession.html
Data Courtesy: ECRI + TheStreet.com
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