President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (107183)	1/9/2012 11:17:51 PM
From: tejek	Read Replies (2) of 149317

True, but with statistics, it's not the one data point, it's the trend. The trend on the WLI has been persistently negative. That has almost always signaled a recession ahead. That combined with the fact that the ECRI's Long Leading Indicators have unambiguously called for recession, makes me think the odds are very high we'll see one within the next 3-6 months. FYI. ECRI has been signalling a recession for about a year now: Economy faces new recession: ECRI Investors should expect frequent downturns, sharp market volatility Sept. 30, 2011, 6:02 p.m. EDT marketwatch.com ECRI GROWTH GAUGE CONTINUES TO DECLINE 25 June 2010 by Cullen Roche pragcap.com How Severe Will a US Economic Slowdown Be? By Prieur du Plessis May 20, 2011 9:30 am Read more: http://www.minyanville.com/businessmarkets/articles/us-economy-economic-recovery-economic-slowdown/5/20/2011/id/34673#ixzz1j1gY4rhE In January, 2011, Anirvan Banerji of ECRI posted on the TSCM site that a recession was imminent in 2011. As with most broken clocks, eventually ECRI will be right. ;-)

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