EOCI index up ticked back above the 30 level

On a very positive note that EOCI index up ticked back above the 30 level to 32.24. This is very interesting because in the entire history of the index it has never dipped below 30 without the economy being in, or going into, recession - except once. In 1968-1970 the index slipped below the critical level of 30 and then recovered briefly above it. This occurred without a recession in tow. However, it quickly fell below it once again and the economy slipped into recession. It is my best guess that this may potentially be the case today.

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