Economic Mumbo Jumbo

The ECRI's weekly leading index fell again last week, so it will be interesting to see how this week's data affects the trend. As many of you know, I have found ECRI's data to provide a reliable big picture view of how the economy is actually performing. I prefer that to the numerous economic mumbo jumbo and opinions we all have to sift through on a daily basis.

In addition, a nice member this morning drew my attention to an article about the ERCI which recently appeared in the Economist. It is a worthwhile read if you're interested.