Research >> Economics
DJ-BTMU U.S. Business Barometer down -0.6%
For the week ending November 15, 2008, the DJ-BTMU U.S. Business Barometer dropped -0.6 percent extending its decline to eleven straight weeks. It’s certainly no coincidence that the last time the barometer posted an increase was the week immediately preceding the collapse of Lehman Brothers. The collapse of the financial giant seemed to mark the beginning of the deep financial crisis that has thrown the world into recession. We are half way through the final quarter of the year and the barometer is pointing to a decline in real GDP of as much as -3.0 percent on top of -0.5 percent in Q3 2008, which would be the largest decline since late 1990.
Posted: November 26, 2008 Wednesday 10:01 AM