Recession Transgression

"Circular error probability zero. Impact with high order detonation. Have a nice day."
--Clark (Clear and Present Danger)

Of all the recession forecasting entities out there, the Economic Cycle Research Institute (ECRI) has the best track record by far. Not only that, but ECRI recession calls tend to lead mainstream calls by months.

Last week ECRI told its clients that, based on current levels and trends of its proprietary Weekly Leading Index indicator, the US economy is slipping back into recession.