Economic Cycle Research Institute: U.S. Economy Tipping into Recession

If you think this is a bad economy, you haven’t seen anything yet

Submitted by: Danny

Turn to Weber County Forum for news you can use.

Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off:

• U.S. Economy Tipping into Recession
• ECRI Video - A U.S. Recession
• ECRI Report Summary Details
• ECRI Business Cycle

Selected cautionary notes:

Why should ECRI’s recession call be heeded? Perhaps because, as The Economist has noted, we’ve correctly called three recessions without any false alarms in-between. In contrast, most of those who’ve accurately predicted a recession or two have also been guilty of crying wolf – in 2010, 2005, 2003, 1998, 1995, or 1987.

Here’s what ECRI’s recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.

Read up, folks!