This morning I received a pair of charts from Dwaine van Vuuren in anticipation of tomorrow's weekly update from ECRI on the company's Weekly Leading Index (WLI) and Weekly Index Growth (WLIg).
The two charts illustrate the why many of us are baffled by ECRI's adamant position on its September 2011 recession call and its more recent assertion that a recession started in July.
The first one below shows the WLIg, which is forecast to set a 92-week high.
The next one shows the WLI itself, which is forecast to set a 95-week high.
For additional information, check out Dwaine's Shadow Weekly Leading Index Project.
Dwaine van Vuuren is CEO of RecessionALERT.com, a provider of investment research.