ECRI Divergence from Consensus Normal
WNYC
August 18, 2009
(WNYC) - ECRI's Lakshman Achuthan spoke with WNYC's Andrea Bernstein and Amy Holmes about the surge in the Weekly Leading Index, and how it is normal for these leading indicators to be out of step with how people feel about the economy.
5/09: ...I have to pay attention to those people and indicators that have pointed in the right direction -- even when they've gone against the crowd (and my opinion at the time). One such outfit is the Economic Cycle Research Institute, whose various leading indicators actually have done just that—lead where things were headed .
- Randall Forsyth, Barron's
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