ECRI Director: No Recession this Year

Economic Cycle Research Institute Managing Director Lakshman Achuthan, whose group has an excellent track record of economic forecasting, says that the current recovery is the Rodney Dangerfield of recoveries — it’s not getting any respect. Achuthan tells Bloomberg that a number of pieces of data are showing that the recovery is stronger than many think, and that we won’t see a dip back into recession this year. Achuthan adds, however, that he thinks we’ve entered a longer period in which we will see more frequent recessions — which means buy-and-hold investing is “dead”.