ECRI leading indicators

Double-Dip? One Reliable Measure Says It's Inevitable

An economic indicator with a perfect 40-year history of predicting recessions just signaled that a double-dip is coming for sure. The Economic Cycle Research Institute, an independent organization of economists, is best known for publishing the economy's "leading indicators" that we in the media sometimes like to chatter about. And on Friday, the institute said its ECRI Weekly Leading Index "growth rate" broke below -10%.