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Politics : Formerly About Applied Materials
AMAT 256.89-1.2%Dec 31 3:59 PM EST

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To: StanX Long who wrote (58711)1/11/2002 1:04:02 PM
From: Kirk ©  Read Replies (2) of 70976
 
ERRI WLI growth rate is POSITIVE!!!

Cool chart here along with the data
suite101.com

Lakshman's group, the ECRI, has been pretty accurate so far in calling for the recession and now it seems they are ready to predict a recovery.

The WLI is a LEADING index (hence the name weekly leading index...duh Kirk) and this news is key:

The index's growth rate, which compares the four-week moving average with its behavior over the preceding year, crept into the plus column for the first time since Sept. 2000, climbing to 0.3 percent from -0.4 percent one week earlier.

suite101.com
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