Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – December 19, 2014 Update

As I stated in my July 12, 2010 post (“ECRI WLI Growth History“):

For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are.

However, I do think the measures are important and deserve close monitoring and scrutiny.

Below are three long-term charts, from Doug Short’s blog post of December 19, 2014 titled “ECRI Recession Watch:  Weekly Update.”  These charts are on a weekly basis through the December 19 release, indicating data through December 12, 2014.

Here is the ECRI WLI (defined at ECRI’s glossary):


This next chart depicts, on a long-term basis, the Year-over-Year change in the 4-week moving average of the WLI:

Dshort 12-19-14 - ECRI-WLI-YoY - .1 percent

This last chart depicts, on a long-term basis, the WLI, Gr.:



I post various economic indicators and indices because I believe they should be carefully monitored.  However, as those familiar with this blog are aware, I do not necessarily agree with what they depict or imply.


The Special Note summarizes my overall thoughts about our economic situation

SPX at 2070.65 as this post is written