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ECRI: THE ECONOMIC SLOW-DOWN WILL BE “SUSTAINED”

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

 

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