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Tuesday, December 4, 2012

ECRI's Achuthan Defends His Call For Recession

I have posted every one of his media appearances since September 2011 when he first announced the coming recession so I will continue to do so here until he is proven correct or incorrect. Achuthan claims that we entered recession right around the mid year point (his late 2011 call) and discusses what a recession means for the ECRI group, which is essentially a slowdown in four coincident indicators: industrial production, personal income, sales, and employment. The first three peaked right at mid year but employment has continued growing (which he discusses in the video below).


The most recent discussion (attack) toward Achuthan.