Just to inject some hard facts into this:

1. You can use “statistics” to prove anything

2. Search for ECRI on this site, and you will see a bunch of predictions that have been hopelessly wrong.

3. If you keep predicting a point in the economic cycle, you will eventually be right. That’s why it’s called a “cycle”.

Thanks for the clip, very educational indeed.

From the 5 1/2 min clip on Bloomberg’s site:
Lakshman Achuthan: “These are facts Tom, this is hard data…this not something that’s loosey goosey..”

Achuthan: “We are seeing an upturn in home price inflation, but that does not mean an upturn in construction activity…” (bulls eye) in fact we lost construction jobs this year by the way..” (There you have it folks, in a nut shell)

Tom Keene was caught out in the open not knowing the classic definition of a recession. Remarkable. Achuthan nailed Keene thoroughly, Keene quickly changed the subject, dodging the bullet. Fun to watch.

The US recession by the end of December will be official. What then? Fed spigots open?

Its beginning to make sense to me now why big retail unloaded their inventory at loss leader prices last Friday.

What a hole they are digging… when does the fat lady finally sing?

Well, Dan Norcini just answered my question. Wow… QE4

Norcini : ” … here we go, now we’re talking about an additional $85 billion each month.”

Yep, that will kick the recession a quarter mile down the road… sheesh.

I’m going have a serious think about doubling my gold position…damn. This is getting really scary.

Cash is no longer King. Its time to fight the fed.