Good comments here by Lakshman Achuthan of the ECRI. He says we are on the verge of a “sustained slowdown”. Contrary to many of the big banks (who have been saying that the current slowdown is just a temporary blip) Achuthan is saying that a second half recovery is simply “not in the cards”. If you’ll recall, Achuthan was quite vocal last summer saying there would be no double dip. (h/t to Barry Ritholtz for the video).
Source: CNBC
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.
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