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News Link • Economy - Economics USA

ECRI Leading Economic Index Plunges At -6.9% Rate, Back To Dec. 2007 Levels

• ZeroHedge.com
 
It's getting close: the fabled -10% annualized change (see David Rosenberg) which guarantees a recession is now just 3.1% away, which at this rate of collapse will be breached in two weeks. The ECRI is now at December 2007 levels, the time when the last recession officially started. The index dropped from an annualized revised -5.8% (previously -5.7%) to -6.9%.

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