Comments on: Lakshman Achuthan (ECRI) on CNBC

By: owen b

owen b — Wed, 30 Sep 2009 22:43:55 +0000

Facts take away from the fun of making stuff up but,

ECRI in Jan. 2008: http://kirklindstrom.blogspot.com/2008/01/ecri-says-there-is-window-of.html

ECRI in Mar. 2008: http://kirklindstrom.blogspot.com/2008/03/ecri-calls-it-recession-of-choice.html

By: jw

jw — Wed, 30 Sep 2009 20:00:43 +0000

Something very subtle, but really important gets passed along– without so much as a “WTF?”– during this entire conversation: both of these gentlemen confidently smirk about how painful it must be for all these poor suckers (individual investors) that have missed out on this huge rally.

I’d like to hear from their clients/subscribers, who were told to hang in there waaaay into 2008 (because everything would be juuuuuuust fine). And I missed it , but those two were holding hands while yelling from the rooftops for us all to back up the truck back in March, right?
jw

By: leftback

leftback — Wed, 30 Sep 2009 17:34:54 +0000

Barry, I know you like Lakshman but really, no credibility, he didn’t call the last recession until it was over, and he won’t notice the double dip until it’s kicked him in the ass.

Chicago PMI – double dip? These cooler readings of the economic temperature will become more common in the next few months.

By: Gatsby

Gatsby — Wed, 30 Sep 2009 14:35:17 +0000

What kind of Kool-Aid are these guys drinking? Given Jeff Ivory had a good point on Commodities, but “strong fundamentals pushing a recovery”? What universe is this guy living on?

As far as I can tell unemployment has NOT bottomed it’s just falling slower and since when is dalfation “off the table”. Yes commodities should rise and help inflate prices but what about wages?

I guess we are going to have to sit pat and wait for earnings to come in before guys like this will think twice before going on air.