ECRI GROWTH SLOWS TO -7.7%, INFLATION AT 7 MONTH LOW
The negative data continues to mount. The ECRI’s leading
indicator slowed to -7.7% on a year over year basis. Recession has
never failed to materialize after a -10% reading. We’re very close. At
best we’re likely staring at a substantial economic slowdown in H2.
read more and see chart here.