Significant?

Its Saturday morning, you think I could get a life or something.
But check this out.
For those with antennae tuned to catch a hint of QE3 … is this significant in the WSJ?
ECRI Weekly Leading Indicator Index Falls Again
http://blogs.wsj.com/marketbeat/2011/05/27/ecri-weekly-leading-indicator-index-falls-again/

Money quote (in bold)?

This doesn’t mean a recession is coming. The rolling growth rate fell deeply into negative territory last year without a recession happening.
But you’ll recall that things felt bad enough, recession or no, to inspire the Fed to roll out QE2.

Or me just clutching at straws?

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