Monday, February 27, 2012

ECRI reaffirmed their September 2011 recession call

Last September Lachman Achuthan warned of an incoming recession in the US. Here is a link to their September 2011 recession call. 

He recently reaffirmed his recession call appearing in Bloomberg and CNBC, among other media outlets. He advised that recession would not be felt by the public until about six month into the recession, hence should not be felt until about the middle of 2012.

In the meantime the stock market can keep going up until then (see the charts provided by Advisor Perspective). Here is the link to some of his recent appearances via Advisor Perspectives.

Here is a link to Economic Cycle research Institute's website.