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ECRI: NO DOUBLE DIP YET

Lakshman Achuthan isn’t panicked by the plummeting ECRI growth index.  Achuthan says the odds of a double dip are still very low for 2010.  Achuthan would need to see a “persistent” decline in the index to be convinced that the risks of a double dip are here.  Despite this, he says a slow-down is a near guarantee and that profits have likely already peaked for this cycle: