Q4 GDP Revision & Recession
ECRI's Lakshman Achuthan spoke with CNNi following today's revision to 2011 Q4 GDP.
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.
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 discusses our recession call, including the Weekly Leading Index and velocity of money. More