Skip to comments.ECRI's Lakshman Achuthan: Sorry, We're STILL Headed For A Recession
Posted on 11/07/2011 6:04:45 AM PST by blam
ECRI's Lakshman Achuthan: Sorry, We're STILL Headed For A Recession
Nov. 7, 2011, 6:41 AM
Sorry. We're still going into a recession.
That's according to ECRI's Lakshman Achuthan, the private economist who boldly predicted an imminent recession at the end of September.
His message on CNBC this morning: We're still headed to a recession, despite the increased bullishness among analysts and the market.
The only reason economists don't see it, he says, is because they used traditional models, unlike his proprietary method which combines a stew of leading indicators.
CNBC's Steve Liesman pressed him hard on what's in the ECRI index, but he refused to say. Instead he said to just look at his track record, which is not the most compelling answer (although his track record is good). It actually got a bit testy.
(Excerpt) Read more at businessinsider.com ...
but no dire in your other post.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.