Lakshman Achuthan, the head of the ECRI, which publishes a highly watched leading-indicators report, categorically denies that there will be a double dip.
Given the focus on the ECRI leading indicators this summer — an index that prompted David Rosenberg and others to see a double dip — this is pretty remarkable stuff.
He says the Fed is behind the curve, and not seeing the comeback in the economy that ECRI is already seeing in October.
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