Lakshman Achuthan was on CNBC this morning digging his heels in on his recession call. He says the macro data is actually getting worse. He says we’re seeing the same patterns that we always see heading into recessions. Specifically:
- GDP growth peaked in Q3 in 2010 and has flat lined since early 2011.
- Personal income growth has peaked.
- Broad sales growth has peaked.
- Industrial production has peaked.