Wednesday, March 6, 2013
ECRI: Recession in the Yo-Yo Years
Thanks to Will for passing this along.
ECRI's Lakshman Achuthan shares images and notes from recent presentations in Oslo and Chicago.
We are now in the Yo-Yo Years as described by ECRI early last year. Meanwhile, even though some economic data seems stronger on the surface, U.S. Nominal GDP growth is recessionary and we are below a "stall speed" measure highlighted by the Fed. And this isn't the first time the stock market has risen through a recession.