Luxury Revival Prompts BMW, Mercedes to Add Shifts

[ASusilovic]

Quote from rcaldwell:

ECRI numbers heading into recession territory in the US. Why do you post this propaganda?

ECRI is heading into recession territory ?

From the Economic Cycle Research institute ( ECRI ) :

http://www.businesscycle.com/

Bottom line, neither the "experts" predicting that the sky is falling based on the WLI, nor the other "experts" indulging in misinformed WLI-bashing in an effort to discredit the super-bears, have a real clue to what the WLI is all about.

We created the WLI not to be an infallible, stand-alone recession-forecasting machine, but as one small part of a much larger array of leading indexes (each made up of many economic indicators) -- like the especially prescient U.S. Long Leading Index. This array amounts to a sophisticated sequential signaling system of the economy’s cyclical turning points. The WLI is designed to be interpreted in this broader context, and its message today is quite simple: a slowdown in U.S. economic growth is imminent, but a new recession is not.

Do you know what the ECRI indicator is about ?

 

[maxpi]

there are consumers and there are consumers.. the sunspot cycle has started up, our mood is going up, it always precedes the recovery... so the high end consumers are in a good mood and buying cars, the low end consumers are in a better mood but they don't have jobs....

 

[rcaldwell]

Quote from ASusilovic:

ECRI is heading into recession territory ?

From the Economic Cycle Research institute ( ECRI ) :

http://www.businesscycle.com/

Bottom line, neither the "experts" predicting that the sky is falling based on the WLI, nor the other "experts" indulging in misinformed WLI-bashing in an effort to discredit the super-bears, have a real clue to what the WLI is all about.

We created the WLI not to be an infallible, stand-alone recession-forecasting machine, but as one small part of a much larger array of leading indexes (each made up of many economic indicators) -- like the especially prescient U.S. Long Leading Index. This array amounts to a sophisticated sequential signaling system of the economy’s cyclical turning points. The WLI is designed to be interpreted in this broader context, and its message today is quite simple: a slowdown in U.S. economic growth is imminent, but a new recession is not.

Do you know what the ECRI indicator is about ?

Yes and it is currently -7.7, lowest in a year (-10.0 is recession territory). ISM down to 56.7 (which is okay, still). Arrows are pointing downward. Open to any data besides these articles that refutes what I just posted.

 

[psytrade]

David Rosenberg had an interesting blog entry a month or so ago about a place in the california / nevada desert where brand new cars were being stored outdoors for square miles along a major highway.