US

ECRI: All You People Saying This Is A "Soft Patch" Are Dreaming -- The Economic Slowdown Will Be "Sustained"

Good comments here by Lakshman Achuthan of the ECRI.  He says we are on the verge of a “sustained slowdown”.  

Contrary to many of the big banks (who have been saying that the current slowdown is just a temporary blip) Achuthan is saying that a second half recovery is simply “not in the cards”.  

If you’ll recall, Achuthan was quite vocal last summer saying there would be no double dip.  (h/t to Barry Ritholtz for the video).

Source: CNBC

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