No, he did not move the recession to the end of 2012 and for the last year he has been consistent in his forecast that we'll enter a recession in the first half of 2012
You are so FOS........I can't believe how much you have changed.
First of all, in May of 2011, ECRI came on Real Money and warned that the US might be headed back into recession. It wasn't a public announcement but I remember feeling sick to my stomach.
Then in Sept, 2011, ECRI said we were "tipping" into recession:
On September 30th, ECRI publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st. Here is an excerpt from the announcement:
Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off.
ECRI’s recession call isn’t based on just one or two leading indexes, but on dozens of specialized leading indexes, including the U.S. Long Leading Index, which was the first to turn down — before the Arab Spring and Japanese earthquake — to be followed by downturns in the Weekly Leading Index and other shorter-leading indexes. In fact, the most reliable forward-looking indicators are now collectively behaving as they did on the cusp of full-blown recessions, not “soft landings.” (Read the report here.)
http://investmentwatchblog.com/ecri-recession-watch-decline-in-growth-index-continues-to-moderate/
And now its the recession is scheduled for the end of 2012. That's almost two years from when they started calling for a recession and over a year since they said the US were "tipping" into recession. ECRI looks very stupid......at least to me.
Are you deliberately trying to mislead people with your rhetoric? That's the problem when smart people call things so far in advance. All sorts of delusional people forget what actually has happened over the last year and start rewriting history.
Again, the ECRI said last year that we'd see a recession begin sometime in the first half of 2012. They just recently reaffirmed that forecast. Those are the facts.
Huh? We are not anywhere close to a recession right now. What is wrong with you? |
