ECRI Index Just Collapsed Below -10% Again

The Economic Cycle Research Institute ‘s (ECRI) leading indicator has dipped below -10% again, reports Zero Hedge. The -10% level is a ‘definitive double dip’ threshold, according to ZH, and if the ECRI tells you otherwise, which they probably will, then they’re just spinsters against their own self-calculated index says ZH:

One can only imagine what the spin proffered by the index creators will be this time: it was suddenly very credible last week, hopefully that credibility persists as it reaffirms a definitive double dip yet again.

Chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.