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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

Beating the Business Cycle

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Navigate the Road Ahead

Beating the Business Cycle

After ECRI predicted the 2001 recession, there was popular demand for a better understanding of our approach. This led to the publication of Beating the Business Cycle, written by ECRI co-founders Lakshman Achuthan and Anirvan Banerji.

Written in a straightforward, accessible style, the book reveals just how advanced the state of the art in cyclical forecasting has become. It also shows how decision makers at all levels — managers, small business owners, and individuals — profit when they are not blindsided by economic cycle turns.

Download Key Excerpts

  • The Resurrection of Risk

    The Resurrection of Risk

    pp. 3-16

    A shift from boom to bust, from economic expansion to recession, can be painful, even tragic, for those blindsided by the downturn. Whether a mild recession or a major depression lies ahead, you can be forewarned and forearmed, protecting your interests by staying ahead of the crowd.

  • Definition of The Business Cycle

    Business Cycle Definition

    pp. 69-72

    In contrast to simplistic “rules,” the classical definition of business cycles is a sophisticated description of what occurs at cyclical upturns and downturns. This knowledge will serve you well the next time confusion reigns about whether a recession has begun or if a recovery is for real.

  • How the Leading Indicators Compare

    How the Leading Indicators Compare

    pp. 82-84

    As a review of recent history reveals, leading indicators are not all created equal. Understanding their evolution over more than a century provides critical insights.

  • Dangers of Data Fitting

    Dangers of Data Fitting

    pp. 90-93

    Many economists tend to create models or simplified representations of the economy that assume recent trends will continue into the future — a surefire recipe for missing an economic cycle turning point.

  • Putting it All Together

    Putting It All Together

    pp. 116-124

    By the turn of century, our observations crystallized to form the multidimensional framework that we call the economic cycle cube. It gives us a representation of what is going on in the economy's complex dynamic system.

Beating the Business Cycle is available as a digital edition.
Purchase the e-book on Amazon.com »

ECRI History

ECRI History

Three generations of cycle research.

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Testimonial

Inflation Ahoy! We're indebted to the ECRI, that unnapping watchdog of inflation, for the FIG data.
- Alan Abelson, Barron's
I find that ECRI’s historical knowledge of economic cycles and data is almost as important to me as your indicators of future cycles.
- ECRI Professional Member
[T]he Economic Cycle Research Institute [is] a private forecasting group with an excellent track record.
- The New York Times
For ourselves, in this cycle, we'll line up with ECRI.
- Grant's Interest Rate Observer
As an investment strategist, I need to navigate the many twists and turns in the emerging economic landscape with as much foresight as possible to know when to take or avoid risk. In this quest, ECRI’s array of leading indices, specifically designed to predict and navigate economic turning points, have been an indispensible tool.
- ECRI Professional Member
No one speaks with more authority about the economy's turning points.
- Fortune Magazine
           

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