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Daily Archives: September 30, 2011
ECRI: “Recession is now a done deal.”
There is a contagion among those forward looking indicators that we only see at the onset of a business cycle recession, says Lakshman Achuthan, The Economic Cycle Research Institute, who explains the meaning of recession is a process, not just … Continue reading
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Terrible Earnings Season Ahead
The front end of the earnings season is going to be a mess, because financials report first, says Keith McCullough, Hedgeye Risk Management CEO. It will be all about the guidance, he says, because financial companies are under duress. No … Continue reading
Defeating the Deficit with David Stockman
When you stimulate spending with more debt in a debt drenched economy, you are borrowing purchasing power from the future. The US is taxing presently at the rate of 17% of GDP and spending at the rate of 22%. This … Continue reading
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