ECRI SAYS US IS NOW IN RECESSION !!

NumbersUsacom

ECRI's Lakshman Achuthan on Bloomberg September 13th; did Bernanke just confirm it on the 15th

See the Bloomberg Interview Here !

JCMhouston

What's an Economic Cycle Research Institue (ECRI)? That's a new one on me. I prefer listening to the Ben Bernanke, everytime he speaks I make money.

OPA

<< <i>ECRI's Lakshman Achuthan on Bloomberg September 13th; did Bernanke just confirm it on the 15th

See the Bloomberg Interview Here ! >>



Sorry...but I don't give to much credence to anyone who's name I can't pronounce.

CaptHenway

<< <i>ECRI's Lakshman Achuthan on Bloomberg September 13th; did Bernanke just confirm it on the 15th

See the Bloomberg Interview Here ! >>



If it's on the Interwebz it must be true!

bronco2078

I like the video , I think he makes a good point about how all the numbers initially look ok when released and that is used to pump the stock market.

In a real world reporting system it seems to me that numbers would be revised after the fact but shouldn't some go up? If every single item is revised downwards then the way the data is being presented is suspect.

NumbersUsacom

.
Seven months ago, the Economic Cycle Research Institute (ECRI) made a
bold, unequivocal and somewhat controversial forecast. Chief Operations
Officer Lakshman Achuthan and his colleagues said that ECRI’s indicators
showed that the U.S. economy would be back in recession, most likely by
the middle of 2012. What gave ECRI’s prediction credibility is that the
organization successfully called each of the last four recessions — and
did so without false alarms.
Running With
the Recession Forecast
May 2012
Lakshman Achuthan is the co-founder and chief operations
officer of the Economic Cycle Research Institute
(ECRI), and managing editor of ECRI’s forecasting
publications. He is also a member of Time magazine’s
board of economists and the Levy Institute’s Board of
Governors, and serves as a trustee on the boards of
several foundations. He received an undergraduate
degree from Fairleigh Dickenson University in 1989 and
a graduate degree from Long Island University in 1991.
Mr. Achuthan joined Geoffrey H. Moore at Columbia
University’s Center for International Business Cycle
Research in 1991. In 2004, he co-authored Beating the
Business Cycle: How to Predict and Profit from Turning
Points in the Economy .

OPA

Actually he's been predicting a recession since Sept 2011 ... I just don't pay much attention to fringe, doom & gloom forecasters, who have a poor track record in their prior crystal ball gazing record.

roadrunner

Their track record for calling recessions can't be any worse than the FED or BEA.