Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
While those of us closest to the market tend to equate “market = economy”, it’s obviously not so much that way for the other 98% of the population. That said, economic data has firmed up quite a bit in the past few months, so many eyes were on the ECRI and it’s main spokesman Lakshman Achuthan who made a call for recession about 5 months ago. He has resurfaced this morning. As always the firm says their data has a lag of a few quarters, but this is going to be an interesting call when we look back at in half a year as thus far it appears to be the first strikeout in a while. But still too early to tell.
p.s. Lakshman says the consensus will “see” the recession about a half a year from now. He does point to a lot of interesting economic factoids… and says employment will roll over in the future.
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