The ECRI is reiterating their claim that the economy will begin to slow-down by mid-year, however, they are also saying that the potential for a double dip is “out of the question.” Their latest reading on the Weekly Leading Indicator shows growth continuing to slip. The gauge fell to 128.4 from last week’s reading of 130. The index’s annualized growth rate declined to 17.1% from 19.6% in the week prior. ECRI Managing Director Lakshman Achuthan says the recovery “will begin to ease off by mid-2010.” He added:
“with the 6 percent GDP growth and the jobless rate having peaked back in October… a double dip is still out of the question.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.