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The guy called for a recession last year. He has his ego on the line.
I have been following this guy's (Lakshman Achutan) utterances on Nightly Business Report for the last 5 years - I would say one thing, he ain't no Nostradamus (actually even Nostradamus was not Nostradamus, most of his predictions were vague, you probably could fit any event to match the prediction - after the event had already occurred), and he ain't no Herodotus - his analysis of the past is usually way off.
I never fixed that link, maybe it was in a state of flux right after I posted it or we have to file a bug report against Patrick to end his stay in Japan and start working already again. I don't know Lakshman, but this was a good interview where he schooled the other two ;)
http://www.zerohedge.com/news/2013-07-30/myth-busting-lakshman-achuthan-us-worse-japan-90s