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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Japan's upturn may be for real: ECRI is bullish


While the news that the Japanese economy expanded at a 7.9% annual rate in the first quarter caught most observers by surprise, many economists are incredulous. As Stephen D. Slifer of Lehman Brothers Inc. observes, "the report has not changed our view that the Japanese economy is bumping along the bottom..."