Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Loading...
Most Recent Stories

ACHUTHAN: THE SLOW-DOWN WILL CONTINUE

As everyone focuses on the debt ceiling and how far the politicians will take this game of chicken, the economy continues to slow.  In a recent interview Lakshman Achuthan of the ECRI, one of the few people who predicted the recession, economic recovery and the recent slow-down, still believes the economy will remain weak.  Achuthan described the environment as I have described it over the last few years.  The US economy is growing, but exogenous shocks are creating outsized risks.  The key takeaway here:

“I’d watch the growth rates of the leading indicators. The key takeaway for everybody watching is that they haven’t turned up. Until these things turn up in a pronounced, pervasive and persistent way, which you can watch; until that occurs, we are still going to be slowing. And when we’re slowing, we’re more vulnerable to unforeseen shocks or maybe foreseen shocks. Unforeseen and foreseen shocks, shocks one way or another.”

See here for the full video:

Source: Reuters

Comments are closed.