Archive for September 14th, 2012

Short-term Forecast for September 14, 2012

Short-term Forecast for September 14, 2012

| September 14, 2012

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ECRI Reaffirms Recession Call

ECRI Reaffirms Recession Call

| September 14, 2012

In an interview with Bloomberg this week, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) reaffirmed the recession call that was first made in late 2011, indicating that they believe the US has entered a recession as of the second quarter of 2012. It has been almost a year since we predicted a recession. [...]

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Industrial Production and Capacity Utilization Decline in August

Industrial Production and Capacity Utilization Decline in August

| September 14, 2012

Today, the Federal Reserve reported that industrial production and capacity utilization experienced meaningful declines in August, while consensus expectations were for both measures to remain essentially unchanged. Industrial production fell 1.2 percent in August after having risen 0.5 percent in July. Hurricane Isaac restrained output in the Gulf Coast region at the end of August, [...]

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