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Thursday, March 28, 2024

[Video] (and Radio) ECRI’s Lakshman Achuthan Sticks to Recession Call

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

While those of us closest to the market tend to equate “market = economy”, it’s obviously not so much that way for the other 98% of the population.  That said, economic data has firmed up quite a bit in the past few months, so many eyes were on the ECRI and it’s main spokesman Lakshman Achuthan who made a call for recession about 5 months ago.  He has resurfaced this morning.  As always the firm says their data has a lag of a few quarters, but this is going to be an interesting call when we look back at in half a year as thus far it appears to be the first strikeout in a while.  But still too early to tell.

p.s. Lakshman says the consensus will “see” the recession about a half a year from now.  He does point to a lot of interesting economic factoids… and says employment will roll over in the future.

Also a Bloomberg radio interview this morning can be found here.

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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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