October 9, 2009
The managing director of the Economic Cycle Research Institute — whose leading indicators have a very solid track record of predicting economic trends — says we’re in the early stages of a “V”-shaped recovery that will be “virtually unstoppable” through the first half of 2010.
“We are in the early stages of the recovery and it looks to be a lot stronger” than the consensus, Lakshman Achuthan told Yahoo! TechTicker. The ECRI’s index of Weekly Economic Indicators recently hit a new record high, and Achuthan says jobs growth and consumption will start to recover by early 2010, at the latest.
This is a guy who has seldom or even ever been wrong on predicting major market turning points. It would be well to listen.
“This is a guy who has seldom or even ever been wrong on predicting major market turning points. It would be well to listen.”
Absolutely right. When he predicted an end to the recession back in April, everyone laughed…now who is laughing…
http://seekingalpha.com/article/134819-ecri-recession-probably-over-by-end-of-summer