August 3, 2010 - 'Daily Growth Index' Turns Sharply Down:
Since last week our 'Daily Growth Index' has dropped significantly, putting the trailing 91-day moving 'quarter' at a contraction level that would place a similar calendar quarter of GDP growth below the 5th percentile of all quarters since 1947. Under normal circumstances we might expect a quarter that bad once in slightly over 5 years:
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