“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable

[defendandprotect]

“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable

Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable.

"The vicious cycle is starting where lower sales, lower production, lower employment and lower income back to lower sales," co-founder Lakshman Achuthan declares in the accompanying video.

Whereas Achuthan said the jury is still out in late August, the weakness in leading economic indicators — and ECRI uses a dozen for the U.S. alone, he notes — has become a "contagion" that is spreading like "wildfire."

Although the recovery has been "subpar" by nearly every measure, Achuthan refutes the idea the economy never got out of recession in the first place. "Just because it looks and feels a certain way doesn't mean it's a recession," he says. "You haven't seen anything yet. It's going to get a lot worse."

http://finance.yahoo.com/blogs/daily-ticker/going-lot-worse-ecri-achuthan-says-recession-unavoidable-141929160.html



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I'm with the 74% of the country which thinks all of Congress has to be dumped --

and I wouldn't overlook the White House --

We've had a depression for more than a year -- and a president who has not only not

been properly reacting to it -- he's been making it worse in every way --

TWO major actions could have moved us back to more positive ground --

Ending the wars which are bankrupting the Treasury --

and MEDICARE FOR ALL which would have helped to relieve the suffering of citizens --



And here's some info on the environment I don't think we've had info on previously --


Gulf Loop Current Stalls from BP Oil Spill --

http://www.examiner.com/breakthrough-energy-in-national/gulf-loop-current-stalls-from-bp-oil-disaster

[3waygeek]

1. What New Recession?

we still aren't out of the old one.

[begin_within]

9. The recession within the recession.

[teddy51]

2. I seriously think we are headed for a Depression. The world is in deep shit

and much of it I blame on the Bush Administration.

[lonestarnot]

3. They stole and spent us into this abyss.

[Hydra]

5. This has been the course basically since Reagan

But nobody in the WH saw fit to turn the ship around. I'm very disappointed about that- we had a real opportunity to leave these ideas behind, and instead it's business as usual until everyone dies.

[teddy51]

6. Yep, and sorry but still waiting for that "Change you can believe in".

So far it hasn't happened for me yet!

[yardwork]

12. I blame it on the Reagan revolution.

[StarsInHerHair]

4. we are already in a depression, & Obama's Hooverism has made it worse

[defendandprotect]

10. +1 -- Agree probably two year Depression -- and Obama is no FDR -- !!!

[indepat]

7. The grand bargain BHO hammered out with Rethuglicans sealed

the deal (depressionary recession) with a kiss. :patriot:

[defendandprotect]

11. Clerver of Obama...extend tax cuts for rich $120 BILLION, borrow the money to cover it ....

then go into BUDGET negotiations which have been made even more ridiculous by

the tax cuts -- and then turn around and start pushing for tax increases on rich -- !!


Trust Michelle isn't letting Obama handle the family finances -- !!!


:nuke:

[EmeraldCityGrl]

8. Obama ran a brilliant campaign. Anyone that capable

should be able to transfer that brilliance to a meaningful, productive presidency.
I have heard excuse after excuse for why Obama has failed miserably with the
issues that are the most important, be it the wars, the economy, healthcare reform.

The excuses no longer rings true. Obama is a right of center Democrat, throwing crumbs
to the Progressive/ Liberal community, to the poor and shrinking middle class. Obama
is not a victim of a broken system, he his governing effectively for those whose expectations
of him are more conservative than mine.

[defendandprotect]

13. Obama ran a campaign on change -- the only change he made was in his direction -- !!

Obama is on the right -- both parties are now rw -- one radical rw --

Obama didn't "fail" on health care -- he made back room deals with Big Pharma and

the private H/C industry -- intended to "prevserve the private h/c industry" as

"crowed" about by Rahm Emmanuel --

Nor has he "failed" on the wars -- he is taking us into the second decade of these

wars because that's the position he supports --


Otherwise completely agree with you -- !! :hi: