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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.

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WLI Rises


A measure of future U.S. economic growth edged higher in the latest week, and the growth rate rose on an annualized basis, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 123.3 in the week ended Feb. 3 from 123.0 in the previous week.

The index's annualized growth rate climbed to minus 4.3 percent from a revised minus 5.3 percent. It was originally reported at minus 5.2 percent.

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Forecasting Fog

New York Times December 18, 2011

The American economy certainly isn’t at peak strength. With unemployment at a painfully high 8.6 percent, it can’t be. More

 

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