Thursday, June 9, 2011

Bleak Outlook for US Economy

Here is an interview of Lakshman Achuthan, the Managing Director of the Economic Cycle Research Institute (ECRI). He does not bring good news. He says leading indicators point to a pronounced, pervasive, and persistent slowdown in the US economy:

So Barack Obama can dance around all he wants claiming he is "on the job" and "feeling good" about a US rebound, that his stimulus package in 2009 "did the job", but the facts are: the US has flatlined since 2009 and is now slowly turning belly up, dead in the water.

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