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Lakshman Achuthan: The US Entered Recession Last Year


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2013 Jul 30, 10:56am   1,080 views  4 comments

by mell   ➕follow (9)   💰tip   ignore  

http://www.zerohedge.com/news/2013-07-30/myth-busting-lakshman-achuthan-us-worse-japan-90s

Despite Tom Keene's best efforts to appear fair-and-balanced, this brief interview on Bloomberg TV places ECRI's Lakshman Achuthan in the uncomfortable position of destroying every propagandized 'fact' that the mainstream media is entrusted with disseminating to the Pavlovian investing community.

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2   Heraclitusstudent   2013 Jul 30, 12:01pm  

The guy called for a recession last year. He has his ego on the line.

3   mbSFBay   2013 Jul 30, 1:59pm  

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.

4   mell   2013 Jul 30, 2:06pm  

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 ;)

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