December 10, 2008, 12:54 pm
Posted by Randall Forsyth
ISI, the perennially top-rated economics advisory headed up by Ed Hyman and Nancy Lazar, is telling clients its own survey of trucking companies has fallen into “uncharted territory” to the lowest in a decade. They admit their survey doesn’t go back to the 1990 recession let alone the 1981-82 deep downturn. But ISI says the steep plunge in its trucking survey would correlate with a 7.2% plunge in fourth-quarter gross domestic product.
by CalculatedRisk on 1/11/2009 01:17:00 PM
We have this trucking survey, and it went down to almost eight this week. [the index is 0 to 100 with 50 being normal] ... This is suicidal on that particular survey which is highly correlated to the economy." -ISI Chairman Ed Hyman