There are two opposing schools of thought on the current economic condition. One the one side are those who for see a "double dip" recession with the downturn continuing into next year. On the other side we have another group who see economic growth picking up rather than slacking off next year.
The Economic Cycle Research Institute has developed an index that "predicts" future growth (RPT-ECRI). The index is predicting record growth rate shooting to a hitting a record high. Its weekly leading index rose to 128.3 from 127.1 the prior week.
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