Europe Contagion Fears Hit Morgan Stanley

'Euro has 6 months left'

ECRI's Lakshman Achuthan Makes the Call: Recession

China PMI data to confirm economic slowdown?

‘Operation Twist’ Is Just a Primer for QE3: Axel Merk

Eurozone crisis and Greece solutions needed before Cannes G-20

Are We Headed Into A Recess/Depress-ion? The Answer In 9 Simple Charts

1. US PMIs

2. Philly Fed and Chicago PMI

3. Euro-zone & China PMI

4. OECD Leading Indicator

5. ECRI Weekly Indicator

6. Initial Jobless Claims

7. Payrolls and Recessions

8. Velocity of M1 Money Stock

9. Consumer Confidence

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Trader on BBC says Eurozone Market will crash

Dallas Fed Misses Expectations as Hope Turns Negative For First Time Since April 2009

The Dallas Fed Manufacturing Index joined a long and distinguished list of recently disappointing macro prints by missing expectations

Which combined with the Empire and Philly Fed prints indicates a rather worrisome estimate for ISM at 46.2.

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Marc Faber to Reuters

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Solar X-ray Flux flash again

What is Operation Twist? A US economy insight

Solar X-ray Flux

“Very Unusual” Fed Action Fails To Boost Animal Spirits: Dow Drops 285

Currency Killers: Dollar, euro going down

Super MariObama 2!

Forget Greece: Europe Suffers From “Banking Crisis” and “Lack of Political Will,” Forbes Says

Sept 27 - Auspicious Day - Obama in Denver Airport Drill - E

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The ECRI Index Of Leading Economic Indicators Plunges Even Farther Into Negative Territory

A significant decline in the WLI has been a leading indicator for six of the seven recessions since the 1960s. It lagged one recession (1981-1982) by nine weeks. The WLI did turn negative 17 times when no recession followed, but 14 of those declines were only slightly negative (-0.1 to -2.4) and most of them reversed after relatively brief periods.

Three other negatives were deeper declines. The Crash of 1987 took the Index negative for 34 weeks with a trough of -6.8. The Financial Crisis of 1998, which included the collapse of Long Term Capital Management, took the Index negative for 23 weeks with a trough of -4.5.

The third significant negative came near the bottom of the bear market of 2000-2002, about nine months after the brief recession of 2001. At the time, the WLI seemed to be signaling a double-dip recession, but the economy and market accelerated in tandem in the spring of 2003, and a recession was avoided.

The question had been whether the WLI decline that began in Q4 of 2009 was a leading indicator of a recession. The published index has never dropped to the -11.0 level we saw in July 2010 without the onset of a recession. The deepest decline without a recession onset was in the Crash of 1987, when the index slipped to -6.8. The ECRI managing director correctly predicted that we would avoid a double dip. The eight quarters of positive GDP since the end of the last recession supports the ECRI stance.

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The Complete And Uncut Chart Porn Collection

We are once again delighted to bring to our readers The Punch Line: the consumate compendium of economic chart porn available, put together by Abe Gulkowitz, this time titled "The Big Swerve" for obvious reasons.

TPL Sept 15 11

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Slipstream Trader 14th September 2011

Is Greece the catalyst to global default?

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'Euro no good for Greece but zero chance of exit soon'

Marc Faber - Bloomberg Radio Interview

Turmoil in Europe Slams U.S. Stocks: Swiss Complicate ‘Safe Haven’ Trade

Fukushima equals China Syndrome!!!

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Banks Under Stress But It’s “Night and Day” Compared to 2008: Chris Rupkey

Remy: Raise The Debt Ceiling Rap