Article Image
News Link • Economy - Economics USA

ECRI At -9.9% - Weeks at Recent Lows Confirming Double-Dip Recession

• ZeroHedge.com
 
The ECRI Weekly came in at an annualized -9.9%, once again straddling the critical -10% boundary. Of course with two previous downward revisions, it appears the index' creators have taken up the government's favorite data fudging ploy of downward revising prior data, as the past week's -10% now ends up being -10.1%. No doubt next week this week's -9.9% will be revised to a worse number. But by then all the beneficial impact of the better number will be long forgotten.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Free Talk Live