Lakshman Achuthan: This Chart Just Screams Economic Slowdown

The big economic news yesterday: Lakshman Achuthan, the head of the highly respected, ECRI, called for a new, inevitable recession in the US.

He did a full media tour about his prediction, including a stop with Tom Keene at Bloomberg where they put up this chart showing copper. The key thing is: It’s not just that copper has fallen, but that it’s moved 3-standard deviations away from the post-2008 trend, a crystal clear sign that this moment in the economy is big, dramatic and real.

chart

Photo: Bloomberg

Watch the full, excellent, interview below.

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