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Title: ECRI Plunges At 9.8% Rate, Double Dip Recession Virtually Assured
Source:
ZeroHedge.com
URL Source: [None]
Published: Jul 16, 2010
Author: Tyler Durden
Post Date: 2010-07-16 13:03:12 by Nebuchadnezzar
Keywords: None
Views: 16569
Comments: 36
ECRI Plunges At 9.8% Rate, Double Dip Recession Virtually Assured Tyler Durden's picture Submitted by Tyler Durden on 07/16/2010 09:48 -0500 The ECRI Leading Economic Index just dropped to a fresh reading of 120.6 (flat from a previously revised 121.5 as the Columbia profs scramble to create at least a neutral inflection point): this is now a -9.8 drop, and based on empirical evidence presented previously by David Rosenberg, and also confirming all the macro economic data seen in the past two months, virtually assures that the US economy is now fully in a double dip recession scenario. "It is one thing to slip to or fractionally below the zero line, but a -3.5% reading has only sent off two head-fakes in the past, while accurately foreshadowing seven recessions — with a three month lag. Keep your eye on the -10 threshold, for at that level, the economy has gone into recession … only 100% of the time (42 years of data)." We are there.
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Begin Trace Mode for Comment # 24.
#4. To: A K A Stone (#0)
No link.
Link is optional. Go to www.Zerohedge.com You'll find all the bad news there War.
As Stone explained, the link is optional only for vanity posts. All others require a link. A recession is when ALL indicators form a peak and begin to retreat from there. The last recession that has been declared has yet to be declared over.
Yes, Obama/Biden/Pelosi/Reid, etc., are on their teleprompters nightly saying how great things are and that they saved us from a recession. You might want to check the memo box as yours doesn't seem to be working.
Was what you typed above intended to make any kind of sense? Even to your fellow retards?
There you go! Your entire world view is collapsing so you strike out at little 'ol me? Hey man, don't shoot the messenger.
Wha...huh? Dude...where in the fuck are you? PING me when it stops and you can get off...
Let's stick to the story, mr. Obfuscation. "Oh you forgot to link the story..". Nice, let's try and discuss this like grown men, if you're up to that I mean.
The "story" was dispatched with quite early on.
So this isn't an accurate metric?
Your metric, btw, shows the stimulus working.
Every time that the ECRI has gone below -10% we've had a recession in the last 42 years. We're .2% away from the magic number War. Is reality that hard to take?
Have you been reading my posts here regarding the economy, doofus? If you had you wouldn't be pretending as if I disagree.
The stop being so obtuse and insulting.
#25. To: Nebuchadnezzar (#24)
rotflmao. Good luck with that...
I'm not being obtuse at all. You've had this posture since Obama took office. The stimulus worked to a point which is all a stimulus is supposed to do. Did the economy pull back 2nd! this year? Yep. I predicted that it would. Housing drives this economy and has since the 80's. Almost all domestic demand is rooted in owning a house.
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#5. To: war (#4)
#6. To: Nebuchadnezzar, A K A Stone (#5)
(Edited)
Link is optional.
#8. To: war (#6)
A recession is when ALL indicators form a peak and begin to retreat from there. The last recession that has been declared has yet to be declared over.
#9. To: Nebuchadnezzar (#8)
Yes, Obama/Biden/Pelosi/Reid, etc., are on their teleprompters nightly saying how great things are and that they saved us from a recession.
#10. To: war (#9)
Was what you typed above intended to make any kind of sense? Even to your fellow retards?
#11. To: Nebuchadnezzar (#10)
Your entire world view is collapsing
#13. To: war (#11)
#14. To: Nebuchadnezzar (#13)
Let's stick to the story
#16. To: war (#14)
The "story" was dispatched with quite early on.
#18. To: Nebuchadnezzar (#16)
(Edited)
#20. To: war (#18)
#21. To: Nebuchadnezzar (#20)
(Edited)
#24. To: war (#21)
Have you been reading my posts here regarding the economy, doofus? If you had you wouldn't be pretending as if I disagree.
Replies to Comment # 24. The stop being so obtuse and insulting.
#28. To: Nebuchadnezzar (#24)
The[n] stop being so obtuse and insulting.
End Trace Mode for Comment # 24.
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