Lakshman Achuthan: US has been in recession since July

Lakshman Achuthan, Economic Cycle Research Institute (ECRI), says the U.S. has been in a recession since July

ECRI's Achuthan Defends Call for U.S. Recession

ECRI: U.S. Economy Is in Recession!

Lakshman Achuthan of ECRI reiterates his recession call. The ECRI believes that recession has already started.

ECRI’s Lakshman Achuthan: We’re Still Headed For Recession

The US will enter a recession by the end of 2012, Achuthan says, and that recession will include at least one quarter of negative GDP. This recession will most likely be mild relative to the Great Recession of 2008-2009, but it could end up being a lot worse. In support of this ongoing bearishness, Achuthan points to his index, which is once again turning negative.

ECRI's Achuthan: Recession Ahead!

Lakshman Achuthan, Economic Cycle Research Institute, says a recession could begin by the middle of 2012. "It takes six months after a recession begins for people even to recognize [it]"

Lakshman Achuthan (ECRI) reiterates recession call!

Lakshman Achuthan made waves last year with his (still) out-of-consensus recession call. Despite better US economic numbers since, he's sticking to his call.

Lakshman Achuthan (ECRI) still not backing away from recession call

Achuthan has been all over the media to defend his bold US recession call, and here he speaks with Ali Veshi on CNN. Business Insider has a good piece refuting his claims, but we tend to lean on the side of the Hussman/Achuthan 2012 recession call.

Lakshman Achuthan: GDP Data Signals U.S. Recession

Lakshman Achuthan is on a roll. After talking to CNBC today, he now hits up Bloomberg and reiterates his recession call...
[MP3 Here]

Lakshman Achuthan (ECRI) Sticks to Recession Call!

Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) made a bold recession call last year, and even in the face of  improving US data, he is sticking to it (we at Price Signals also believe that in the US slowdown / recession story).

“Our call stands.When you look at the hard data that is used to officially date business cycle recessions, it has been getting worse, not better, despite what the consensus view of an improving economy has been.”

“You put all this [GDP, personal income, sales, and industrial production] — you put it into a coincident index of the U.S. economy and if you look at year-over-year growth of that index, it’s now at a 21-month low,” Achuthan said. “You haven’t had a decline like that in the past 50 years without recession following in short order.”

Lakshman Achuthan on Bloomberg (Dec 8, 2011)

Lakshman "Mr. Recession" Achuthan checks back in with Tom Keene back and says we need a year to see if his recession call on Sept 30 proves to be right.

Lakshman Achuthan interview on CNBC

Lakshman Achuthan gets into it on CNBC when asked to describe the components of ECRI's proprietary model.

Lakshman Achuthan (ECRI): Recession is unavoidable

“It’s Going to Get a Lot Worse”: ECRI’s Achuthan Says New Recession Unavoidable