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To: ild who wrote (115489)	8/3/2001 1:19:40 PM
From: ild	Read Replies (1) \| Respond to of 436258

dismal.com ECRI states that turning points in business cycles are indicated by pronounced, persistent, and pervasive movements in the WLI. None of these conditions are currently being met. In order for the WLI to signal that a recovery is on the horizon, all of the index components must begin to improve in unison, and over a prolonged period of time. Despite the efforts of consumers and the housing market to prod the economy, continued weakness in labor markets and manufacturing will remain impediments to recovery. The recent reading of the WLI suggests that recovery will be slow and painful.