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Global Slowdown to Hit by Summer, Even for U.S.

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Global Slowdown to Hit by Summer, Even for U.S.

Post by Guest on Wed May 18, 2011 11:01 am

The Good And The Bad

The good news as the slowdown quickly approaches is that Achuthan does not believe another recession is headed our way.

The bad news is he says "the U.S. economy will not escape" the downturn, but will "participate in it…and in one way, shape or form, it is going to impact this recovery."

So far, he's got a pretty good track record in predicting these sorts of things.

Last September he sat down with The Daily Ticker (nee Tech Ticker) to offer his opinion after a number of the ECRI's indicators plummeted and in turn put investors on edge. Achuthan put the chance of a double-dip at more than 50%, but also said there was a very good possibility that the economy would have a "soft landing," which turns out it did.


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Re: Global Slowdown to Hit by Summer, Even for U.S.

Post by Guest on Wed May 18, 2011 1:35 pm

Bloomberg was reporting on this this morning as well. Almost all interviewed feel that the summer, while not headed for a crash, will be a definite slowdown, which is not good news for the unemployed and the 99ers as far as job creation.


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