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To: Keith J who wrote (174444)11/30/2012 2:26:40 PM
From: t4texas  Respond to of 206184
 
ok. i suppose yesterday ecri had the data in hand (on the charts) to prove their recession call in the manner ecri calls recessions. the closest i heard lakshman say july 10 in any of the three videos on their website was when he said starting around mid-year.



To: Keith J who wrote (174444)11/30/2012 2:42:34 PM
From: t4texas2 Recommendations  Respond to of 206184
 
by the way when i heard that 2.7% gdp yesterday, i felt it could not be anything but a measuring technique issue. sure enough when i checked, the unexpected upside was due to inventories. in this case with demand measured down, these inventories that increased are finished products on the shelves that did not sell in the quarter. it gets worse in the 4th quarter.


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