Soaring Inflation, Dipping ECRI Weekly Index

Tim Iacono

The cost of David Rosenberg’s daily missives from Gluskin Sheff will rise infinitely in price in just two days (i.e., from zero to $1,000 a year – not the sort of thing you’d expect from someone whose been pitching the de-flation story), so, today seemed like a good opportunity to grab a chart while they can still be had, this one of the ECRI Weekly Index.

Recall that this index was cause for much gnashing of teeth last spring when it began to exhibit rather large and unprecented year-over-year changes that many thought foretold a new economic slowdown (or much worse). Well, that never came to pass as the 2010 summer lull turned into a veritable economic revival when Ben Bernanke and crew started talking about printing up another half trillion dollars or so for the greater good.

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