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:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.