The ECRI’s Weekly Leading Index fell to a 3-week low at 120.6 down from 120.9 last week. The growth rate fell to -10.1% from 9.9% last week. This is the lowest level since the first week of August when the indicator hit -10.2%.
The ECRI also released their future inflation gauge this week. The index rose to 96.7 in August from 95.2 in July indicating little risk of deflation.
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.