It’s Going to Get Worse
ECRI has predicted a recession in the US. In the videos below, Lakshman Achuthan talks with Yahoo Finance and the Wall Street Journal about ECRI’s new recession call.
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ECRI has predicted a recession in the US. In the videos below, Lakshman Achuthan talks with Yahoo Finance and the Wall Street Journal about ECRI’s new recession call.
Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.
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It sounds like he thinks that the economy is back to its old pattern of short recoveries, with recessions more frequently. If that is the case it will clearly impact the US election cycle.
It’s going to get worse…I absolutely agree. This is exactly why people need to get off their rears and start learning to take control of their lives.
Things are going to get very challenging for many public service employees. However, in the long run America will beat this challenge and get back on track. If you press me hard, I would say by the last half of Obama’s second term things are going to get better for Americans, for America’s economy will be on real growth track, based on the policy the administration is following through.
Ask yourself this question.Why should public workers get guaranteed pensions and the rest of us save for an uncertain future?