U.S. WLI Monthly Rose
The level of the monthly WLI rose to 133.3 from 130.5.
The growth rate of the monthly WLI increased to 4.8% from 0.9%.
The U.S. economic slowdown is set to continue, as the latest WLI upturn is not sufficiently pronounced, pervasive and persistent – the three P’s – to qualify as a true cyclical upturn. Rather, it partly reflects the run-up in the markets as the early-2016 recession fears among the consensus faded, with the Fed backing off its rate hike plans, the dollar weakening, and some data beating significantly lowered expectations.
To put the economy in perspective please see links below:
- read ECRI's "Flawed Assumptions and Grand Experiments," presented by Lakshman Achuthan at the Levy Economics Institute’s 25th Annual Hyman P. Minsky Conference. Please follow this link to the presentation slides.
- watch Lakshman Achuthan's interview with Tom Keene at Bloomberg TV.