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Posted: 9/30/2011 6:44:55 AM EST
[Last Edit: 9/30/2011 6:45:31 AM EST by WildApple]
ECRI’s Says New Recession Unavoidable


Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.
Link Posted: 10/2/2011 5:18:28 AM EST
Although the recovery has been "subpar" by nearly every measure, Achuthan refutes the idea the economy never got out of recession in the first place. "Just because it looks and feels a certain way doesn't mean it's a recession," he says. "You haven't seen anything yet. It's going to get a lot worse."

Link Posted: 10/2/2011 5:22:25 AM EST
Where is Sherrick?

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.
Link Posted: 10/2/2011 5:29:12 AM EST
What's this new recession crap? Oh, they mean the existing recession is finally going to be called a depression. Got it.
Link Posted: 10/2/2011 3:51:07 PM EST
In before Sherrick explains that the ECRI's announcements are politically motivated and intended to damage Republicans, and have no real merit.
Link Posted: 10/2/2011 3:54:17 PM EST
I seriously think that we are going to be in for a lot worse.

Just saying, look at Florida
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