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Sunday, August 21, 2011

ECRI Can Not Rule Out 2012 Recession

In this July 29, 2011 video interview ECRI's (The Economic Cycle Research Institute) Lakshman Achuthan says the business cycle slowdown they predicted while others were calling for a second half recovery "persists through year-end.”   
ECRI has not called for a recession but we do have a slowdown that makes the market more susceptible to a shock that can push the economy into a recession. Thus, they cannot rule out a 2012 recession.
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