Velocity of Money Dropping
ECRI's Lakshman Achuthan discusses our recession call, including the Weekly Leading Index and velocity of money.
The convergence of lower trend growth and higher cyclical volatility will lead to more frequent recessions, keeping the jobless rate cycling around high levels and spelling the death of buy-and-hold strategies for stocks.
On March 22 at 9:00 AM ECRI's Lakshman Achuthan will join a panel discussion about the "Risks Beyond the Eurozone and the Threat of Contagion" during the Bloomberg Sovereign Debt Conference.
ECRI's Lakshman Achuthan joined Bloomberg Surveillance to point out that U.S. economic growth has actually slowed in recent months, contrary to the consensus view. More