Bloomberg Interview on Becoming Japan
ECRI's Lakshman Achuthan joing Bloomberg TV this morning to discuss our recession call, and how the U.S. economy is now resembling Japan's "lost decades."
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.
ECRI's Lakshman Achuthan joing Bloomberg TV this morning to discuss our recession call, and how the U.S. economy is now resembling Japan's "lost decades."
Japan's lost decades showed faster GDP growth than in the U.S. and other major economies in the last five years. More
The latest drop in consumer spending is consistent with the recessionary plunge in yoy U.S. import growth into negative territory. More
Yoy nominal GDP growth at or below 3.7% has been seen only in recessionary contexts. In Q1/2013, it slipped to 3.4% from 3.5% in Q4/2012. More