2010-06-13blogspot.com

"The interesting thing is the ECRI claims to have predicted every recession, but the reality is they are typically late. The last recession (assuming we are not still in it) started in November of 2007. It appears the ECRI was on time, but the only reason it appears that way is the NBER was even slower in declaring the recession."



Comments: Be the first to add a comment

add a comment | go to forum thread