ECRI Leading Indicator

http://www.businesscycle.com/reports_indexes

http://www.advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php

Read from Zerohedge.com : ECRI's Achutan Says US Is "Entering A New Recession"

http://www.zerohedge.com/news/ecris-achutan-says-us-entering-new-recession

Last year the ECRI index was the bete noir leading indicator of the market: while the index clearly indicated the US had entered a recession, its creator Lakshman Achutan consistently refuted the findings of the index, instead pushing a contrary view that the US was in fact growing. Then came QE2 and with it s 9 month suspension of reality. That time is over, as is Achutan's ongoing attempt to deny facts. As of a minutes ago, the ECRI's head told Bloomberg Radio that the U.S. is "tipping into a new recession." "He added: "We don’t make these calls lightly. When we make them, it’s because there’s an overwhelming objective message coming out of our forward-looking indicators. What is going on with the leading indicators is wildfire; it’s not reversible.” As Zero Hedge first said months ago, when it finally extracts its head from between its gluteui maximus, we expet the NBER to proclaim the re-recession as having started in June/July.