Will ECRI Be Right on Their Recession Call?
June 6, 2012 12:51 pm
The ECRI has been unwavering in their recent recession call. Toward the end of 2011, they had said that they saw that the U.S. will fall back into recession within six months or so. That may or may not be true as recessions are called well after they actually occur.
The prediction had been discounted by almost every major media (silver lining) source, but now the prediction has become more credible.
A couple of months ago, the founder of ECRI, Lakshman Achuthan went back on the offensive with his outside the consensus call.
Here are the latest readings of the main indicators that provide the ECRI with the foundation for their argument: