Lakshman Achuthan, the Managing Director at the Economic Cycle Research Institute (More about ECRI) says that the current recovery is the Rodney Dangerfield of recoveries — it’s not getting any respect. He also predicts more frequent recessions than in past years, but no recession this year.
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Buy and Hold is dead:
More information:
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Buy and Hold is dead:
"Buy and Hold is dead because if you have frequent recessions, that means you have downturns in the market and buying and holding is a real bad strategy."GDP Growth Rate:
We are going to have an "easing in growth by mid year."This means we won't keep growing at 5.9% but the economy will keep growing so no recession, at least for this year (2010.)
More information:
- More about ECRI
- July 31, 2009: ECRI Predicts End of Home Price Downturn
- July 21, 2009: ECRI Predicts The End of the Recession is Imminent
- April 3, 2009: Upturn in ECRI's WLI Growth Rate Says US Business Cycle Recovery Ahead
US Treasury: Rate Quotes
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