Weekly economic indicators have softened but do they signal recession? . . .

The ECRI index of weekly economic indicators have clearly softened this year and particularly so in Q3.  The weakness was coincident with the market unrest over the escalating Euro crisis and the U.S. debt ceiling debate/debt downgrade.  The management at the ECRI believes the chart points to a recession in 2012 – they aren’t saying how deep a recession might be but they are saying that real GDP growth will likely go negative for at least 2 quarters sometime in 2012.  Their outlook seems a bit harsh.  The present recovery has been faster than coming out of the 1991 recession and as fast as following the 2001 recession.  Jeb Terry, Sr. Dec 14, 2011

Aberdeen Investment Management – a guide service for micro-cap technology investment

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