The ECRI reported a new high in their weekly leading indicator. The index hit an 83 week high of 132.2 which was slightly higher than last week’s reading. The annualized growth rate continues to fall, but remains robust at 23.4%. Lakshman Achuthan, managing director at ECRI, is still quite confident that the economy is rebounding. He says:
(The recovery) “will continue to gain ground in the months ahead”
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.