Thursday, July 30, 2009

News That Doesn't Depress You: Leading Index Points To Recovery

Over at the Carpe Diem blog, University of Michigan Economics Professor, Mark Perry, plotted The Economic Cycle Research Institute's index of annualized growth, which recently jumped to a five year high. Since the index started dropping at the end of 2007, giving an accurate warning about the economy's turn, it's jump is another hopeful sign of a recovery.

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