ECRI update: recession call in tact

Economic Cycle Research Institute’s Lakshman Achuthan on why a few positive economic reports do not change the overall vector of the macro trend:  recession is coming.  Watch the Bloomberg clip here.

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4 Responses to ECRI update: recession call in tact

  1. JW says:

    It is a tough call. So many government interventions are at work from around the globe. I often hear people say don’t fight the FED. One question keeps popping up in my head is “Can the sum of all government interventions be greater than the force of nature?” Or, in this case we could say ” the force of the economic universe” A known unknown – only time will tell.

    BTW, Canadian NGX is closed below $3 on Friday at the beginning of a northern winter. Would I be able to, safely, assume manufactures are adjusting their outputs according to the demands? Or, is it too early to tell? My 2 ccents.

    Many thanks for the clip. JW, Vancouver

  2. dazzo says:

    American privilege rots an empire from within
    Well-paid professionals are contributing to U.S. economy’s demise By Andy Xie

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