I missed this discussion last week when the Economic Cycle Research Institute’s Lakshman Achuthan was doing his other media spots. This segment is a little longer and so offers some added context and insight for their 2012 recession call.Here is a direct link.
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Lets face it. IF the Fed could have fixed the economy, ie had the proper tools, it would have by now. So I say pooh, they are bluffing and puffing and blowing smoke up you know who’s butt.
Rolling stall. And its stalling once again. Like a bicycle that slows down too much, it wobbles and falls over. Well, we are a wobbling. Look at these gaps down today. Look at the false breakouts and stalling action. NOBODY wants to gamble, yet.
Even the homebuilder charts look suspicious. ECRI is right. LA has it right, always did. My marker is on him. Good work as usual DP.
Sobering Stuff
http://www.zerohedge.com/news/2012-12-04/sobering-stuff