Source: Bianco Research
ECRI chief Lakshman Achuthan is on CNBC. Last year he called for an imminent recession. Since then the economy seems to have improved quite a bit. He’s still not backing down. Here are some key points he’s making:
* Mostly the financial markets are responding to Fed juicing.
* He admits the jobs picture has done a bit better.
* But jobs will get bad again, as the consumer flags.
* He says he always predicted the recession would come in the first half of 2012, so he still has time.
* The “full array” of leading indicators is not negating his recession forecast.
* GDP, industrial production, sales growth, etc… he says they’re all getting worse.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.