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.
This post originally appeared at The Big Picture and is posted with permission.
One Response to “Is a Recession Still Coming?”
As long as the majority believe the govts' low inflation numbers,they should continue believing the other govt nonsense.So,the "recovery" should continue until inflation gets so bad,even the most ignorant Democrat starts complaining.Then the Fed will be forced to defend the Dollar,by allowing higher interest rates,slowing the economy, bringing on the next recession(by govt standards).The cycle just keep repeating.