ECRI Weekly Leading Index Down 9.8%
We are just 0.2% shy of -10.0% critical level which has historically predicted recession with 100% accuracy. Chart 1. ECRI Weekly Leading Index
Archive for July 16th, 2010
U.S. Consumer Price Index Fell 0.1 Percent In June
U.S. consumer price index fell 0.1% in June, right at the consensus. May reading was at -0.2%. Consumer price index fell less food & energy came out at 0.2%. The consensus was at 0.2%, May reading was at 0.1%. Again, no inflation in sight. Chart 1. Consumer Price Index
UOM/Reuters Consumer Sentiment For July At 66.5
Consumer sentiment for July came out at 66.5 vs. 75.0 consensus and 76.0 June reading. Another leading indicator rolling over. Chart 1. University of Michigan/Reuters Consumer Sentiment
Baltic Dry Index At 1720, Up 1.2%
And the slide is over… Chart 1. Baltic Dry Index