ECRI Weekly Leading Index and Annualized Growth Rate
Lakshman Achuthan and the ECRI According to Lakshman Achuthan's interpretation of his economic indicators (the Weekly Leading Index, the Annualized Growth Rate, and other metrics), a USA Recession is here, right now. Achuthan reaffirmed this September 13, 2012. He initially predicted in September 2011 there would be an eventual economic downturn. He has continued affirming since. Achuthan had said it could take up to a year from December 2011 to prove him correct. The video link further below is Achuthan's latest comments.
USA Weekly Leading Index
USA Annualized Growth Rate
U.S. Economy Is In Recession, Achuthan Says September 13, 2012 (Bloomberg) -- Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, talks about the U.S. economy. Achuthan speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." Julian Callow, chief international economist at Barclays Capital, also speaks. Watch video here.