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 two consecutive negative GDP reports.

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3 Responses to ECRI: “Recession is now a done deal.”

  1. FredB says:

    I feel so much better about today knowing how bad tomorrow will be.

  2. dazzo says:

    I see it’s pretty much game over for Eastman Kodak. Here’s a little music video tribute to the glory days of Kodachrome.

  3. dave says:

    I may have missed something but when did the first recession end?

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