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Posted: 10/2/2011 6:18:28 AM EDT
[#1]
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."
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Posted: 10/2/2011 6:22:25 AM EDT
[#2]
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. |
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Posted: 10/2/2011 6:29:12 AM EDT
[#3]
What's this new recession crap? Oh, they mean the existing recession is finally going to be called a depression. Got it.
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Posted: 10/2/2011 4:51:07 PM EDT
[#4]
In before Sherrick explains that the ECRI's announcements are politically motivated and intended to damage Republicans, and have no real merit.
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Posted: 10/2/2011 4:54:17 PM EDT
[#5]
I seriously think that we are going to be in for a lot worse.
Just saying, look at Florida |
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