Wednesday, November 26, 2008

"The cyclical turns in the leading occur before the coincident "

From TheBigPicture, another fun chart:

The current story they tell is clearly one of a quickly worsening recession with no end in sight:
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ECRI Leading and Coincident Indicators


Source: Economic Cycle Research Institute

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Short answer: No time soon. . .

The line in the top will go up first, signaling an end to the recession. Not yet.

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