WLI Growth Edges Down
Reuters
December 24, 2009
(Reuters) - A weekly measure of future U.S. economic growth edged slightly lower in the latest week, along with its yearly growth rate, but remained high enough to signal economic improvement ahead, a research group said on Thursday.
The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index inched down to 130.4 in the week ended Dec. 18 from 130.7 the previous week.
The index's annualized growth rate edged down to 24.4 percent from 24.7 percent a week ago.
"With WLI growth remaining robust, the economy will keep improving in the months ahead," said Lakshman Achuthan, Managing Director at ECRI.
Now that the value of information has gotten to be about zero, there's an overload, and I think what's gonna be the end result is the value of expertise is gonna go to infinity. Because it's harder and harder for people to digest all these inputs, let alone make sense out of them, let alone translate them into investment decisions.
- Wilbur Ross, CNBC, Dec. 1, 2009
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