Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, did an excellent job this morning reiterating the data supporting the ECRI’s US recession call. In this clip he uses rational metrics to clobber the standard nonsense proffered by the bobble heads. Here is a direct link.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Achuthan confronts mandarins of the Ministry of Truth, who are located not in New York, but in Denial.