While most of us were preoccupied with the EU summit last week, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) was talking about his firm’s work and their steady call for a US recession.
On Bloomberg TV last Thursday, he reiterated his Sep 30 prediction that his mix of leading indicators would prove “right” within the next year.
Other than the obvious question of whether or not he’s right (or will be), are his kind of negative data also on the minds of institutional investors in one way or another and causing the current malaise in markets?
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