ECRI's Lakshman Achuthan sticks to recession call

While destroying the myths and biases of the plenitude of long-only talking-heads seems to have been the mission of Mr.Market for the last decade or so, Lakshman Achuthan of ECRI does an excellent job ofdismissing the coincident indicator trees for the leading indicators forest in an interview with Bloomberg TV. His 'recession is happening' call from September 30 still stands, proving he does not flip flop like all other so called experts on every up or downtick in the SPY, and is expecting a formal recessionary print in GDP within three quarters, though noting that the recession very likely did not start in Q3....

Read the rest at Zero Hedge and watch Bloomberg video
ECRI's Achuthan Sticks To His Guns: The US Recession Still Is Happening

Excellent video. Achutan holds that GDI (income) vector is more important to look at than GDP (product).

"It's the demand, stupid," regardless of green shoots.