Monday, October 10, 2011

Credible prediction of a full-on recession?

An outfitcalled ECRI which claims to have correctly called the last three recessions with no false alarms in between is putting its stake in the ground by
saying that there really anything any body can do at this point to stave off a recession. In the promo for their new report (U.S. Economy Tipping into Recession) they summarize:
"Here’s what ECRI’s recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street."

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