BCI 9-26-13

Business Cycle Index:

BCI-9-26-13The growth in New Houses Sold and For Sale, a component of the BCI,  continued in August after a slump in July, and together  with the S&P 500 remaining strong pushed the BCI to a new high of 159.5 from last weeks revised 158.2

The BCIg, the 6-month smoothed annualized growth rate plus 6, rose from a revised 16.4 to 17.1

BCIg at a level of zero signals a recession, thus no recession is imminent.

Posted in reg BCI

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