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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (128164)	11/29/2012 3:54:42 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

He's been saying the same thing for over a year now. Back in late 2011, he said we'd see the beginning of a recession by mid 2012, but that NBER would take another 6-9 months to call it. Now, he's coming back to show us data where the business cycle peaked in July and has been on a downward trajectory since then. NBER doesn't call recessions until 6-12 month after one occurs. So don't expect to get anything officially confirming ECRI was right until mid 2013 at the latest. I think it's hilarious how you try so hard to ignore the data. ECRI Recession Update ECRI's Lakshman Achuthan joins CNN International's Ali Velshi to discuss the cyclical outlook. businesscycle.com Ignore GDP and the Fiscal Cliff, U.S. Is Already in Recession businesscycle.com