Lakshman Achuthan joins CNBC to discuss ECRI's recent presentations in Oslo and Chicago: Recession in the Yo-Yo Years.

To see a chart of the official coincident indicators used to determine recession dates, including GDP, please see page three of the presentation.

Stock prices can rise during recession, please see page twelve.

On page 15 of the presentation you can view the operating earnings chart.

Click here to download the presentation images and notes.