Fed Rate Hike
See link below to watch the interview on Reuters TV.
ECRI's Lakshman Achuthan discusses the rate hike and Chairman Yellen's comment in the context of the cyclical outlook for growth and inflation.
A Framework That Provides Clarity
During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.
For Whites, Fewer Jobs; for Minorities More. More
We’d need double the productivity growth of the Reagan years. More
Whites now have fewer jobs than nine years ago, while Hispanics, Blacks and Asians together gained all of the net jobs added, and more. More
Lakshman Achuthan will visit Hong Kong to meet with professional members and give a private talk, January 4 - 6, 2017.