By now you may be wondering what separates ECRI’s recession call from the myriad other recession calls out there. First, ECRI’s primary raison d’etre is predicting recession and recovery calls. Second, and more importantly, The Economist reports ECRI has never issued a “false alarm” on a recession call, meaning many of the Chicken Littles currently declaring “the sky is falling” might actually be right this time around.
“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable | Yahoo! Finance
Posted by Matt
on September 30, 2011 [Subscribe Here]
New recession? We never left the first one. It was all hot air propping up the markets which has bought enough time for Obama’s business allies to prepare and survive the inevitable. What we have coming is something worse. A global meltdown.
http://www.youtube.com/watch?v=lqN3amj6AcE&feature=youtu.be
Most people would agree with you. I guess technically we may have come out of a recession, but most people didn’t feel it.
I’m thinking that we are headed for another Great Depression.