Friday, February 3, 2012

Jim Walker: 55% Chance of US Recession in 2012

A US recession in 2012 is a non-consensus view, and one that I hold as well. The ECRI, one of the few economic research firms with a good track record, made a bold, high-conviction call on a recession late last year based on their proprietary leading indicators, and they are sticking by it. Most analysts continue to be bedazzled by coincident and lagging indicators, and this recession will blindside them as usual.

Jim Walker, Founder of Asianomics, says there is a 55% chance that the U.S. will go into a recession this year.

No comments:

Post a Comment