The ECRI weekly leading index declined to 120.2 for the week ending on December 30, from a revised 120.7. This fourth consecutive week of decline signals that the risks ahead are serious and deserve caution. Resuming its previous downward trend, the smoothed, annualized growth rate fell to -8.5, signifying that the obstacles to the recovery are numerous and have the potential to thwart its advance.
Hmmmmmm.
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