Juggling Dynamite

“In support of this position, ECRI Co-Founder and Chief Operations Officer Lakshman Achuthan points out correctly that the timing of recessions is often determined only with the benefit of hindsight–often through revisions of prior numbers that initially did not show a recession. Achuthan thinks that, when the final revisions are in, they will show a recession that began in mid-2012.

Achuthan also points to several other measures that he says are consistent with recessions. This data, in his opinion, illustrates that the economy is in fact in a recession. (See charts here).”

Here is a direct link to the video interview.

Danielle was guest yesterday with Phil Mackesy on Talk Digital Network discussing recent trends in the world economy and markets. You can listen to an audio clip here.

This is an amazing story and a stunning art collection. When Tom Schultz bought a run down bungalow in Long Island on an estate sale in 2007, the sellers asked him to just throw out the “junk” in the garage. Fortunately he didn’t. The junk turned out to be the life’s work of an obscure Armenian-American abstract impressionist (who had worked as a comic book creator and artist from the 1920’s -50’s ) named Arthur Pinajian who died in 1999.

“The smallest house in Bellport Village and maybe one of the most important, most significant art finds in art history is an interesting paradox,” Schultz said. ”It’s my understanding that if the works were sold in the retail market it can fetch up to $30 million in retail prices, but that could take 20, 30 years to do.”

See: Art “junk” found in Long Island garage appraised at 30 million

Here is a direct link to a video report.