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Recession almost over according to top Forecaster
  #1  
Old 04.30.2009
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Red face Recession almost over according to top Forecaster
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Forecaster says recession is almost over


4-30-2009

CNNMONEY.com
One of America’s most reliable economic forecasters says the current recession – the longest in half a century - will end this year, possibly as early as this summer.

Lakshman Achuthan, Managing Director at the Economic Cycle Research Institute (ECRI), was one of the first to declare that the US was in a recession. Now he’s one of the first to say its ending. ECRI, he says, is the research group in the world that studies business cycle recessions and recoveries for a living, and has a near-perfect record of predicting. They do it by crunching various pieces of data and creating “leading indicators” which show where the economy is headed
The indicator that looks the furthest into the future actually started showing signs of future growth as early as last November, as the worst of the credit crisis started to ease.

Another indicator, with a shorter lead-time into the future, started pointing toward growth in early December. Both indicators have showed steady growth since then and that, says Achuthan, is enough data for him to say this recession is ending. That’s because, over the last 75 years, when those indicators turn up, the recession ends within four months. No exceptions, says Achuthan.

Forecaster says recession is almost over
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  #2  
Old 05.01.2009
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I sure hope he's right.
Lots of people hurting real bad out there right now.
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Old 05.01.2009
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Yea, there are a lot of people hurting to be sure. I don't know on this one...it is close either way. It MIGHT recover a bit, but I think we are still due for even worse than this...
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Old 05.01.2009
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I am with you smurf....I hope that guy is right.
I hate it that so many people are in such dire straits.
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Old 05.02.2009
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Originally Posted by Mastertech View Post
I am with you smurf....I hope that guy is right.
I hate it that so many people are in such dire straits.


And I don't even care who does what.
Dem or Repub as long as we can get some of these poor folks back to work. I hear some people still talking about tax cuts. What the hell good is a tax cut to a man who doesn't have a job??

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Old 05.02.2009
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Originally Posted by Smurf-316 View Post
And I don't even care who does what.
Dem or Repub as long as we can get some of these poor folks back to work. I hear some people still talking about tax cuts. What the hell good is a tax cut to a man who doesn't have a job??
I agree with that AND What is the #### are we doing taking taxes out on unemployment checks?!?!

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Old 05.15.2009
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I think we need to have more job opportunities and less monopolies before we are out of the woods again. We need to strip the corporations of their "rights" and put them back on the open market competition basics our country survives in....
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Old 05.22.2009
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I think we need to stop all this hyper spending and we need to start paying off the deficit. If we cut a bunch of useless government programs and redirect those funds towards paying off the deficit we will be on a much better standing ground economically.
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