ECRI Says No Recession This Year, But Recessions Will Be More Frequent so Buy and Hold is Dead

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:

"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

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