Recession Update: Part 2 of 2
ECRI's Achuthan joins Bloomberg Surveillance to discuss his recent presentation: Recession in the Yo-Yo Years.
To see the referenced velocity of money chart, please see page 16 of the presentation.
For the exact Bernanke quote, in reference to using risk assets to create a wealth effect, see page 12.
A chart of ECRI's U.S. Leading Home Price Index can be viewed on page seven.
Click here to download the presentation images and notes.