CMI: Daily Growth Index Rockets Higher

On August 3, 2011 the CMI Daily Growth Index went into growth territory for the first time in 566 days — ending the longest consecutive string of contraction-days that we have ever experienced. Furthermore, the rise off of the record lows set as recently as May 30, 2011 has been nothing short of spectacular:

CMI: Consumer Contraction Ends After 19 Months

On August 3, 2011 our Daily Growth Index went into growth territory for the first time in 566 days — ending the longest consecutive string of contraction-days that we have ever experienced. Furthermore, the rise off of the record lows set as recently as May 30, 2011 has been nothing short of spectacular:

The Great Recession Just Became Greater

Included in the BEA’s first (“Advance”) estimate of second quarter 2011 GDP were significant downward revisions to previously published data, some of it dating back to 2003. Astonishingly, the BEA even substantially cut their annualized GDP growth rate for the quarter that they “finalized” just 35 days ago — from an already disappointing 1.92% to only 0.36%, lopping over 81% off of the month-old published growth rate.