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).