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Old 30-09-2011, 09:40 PM
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Lakshman Achuthan of ECRI told Bloomberg Radio this morning the US is "tipping into a new recession."

He told Tom Keene that a recession is the "overwhelming message coming out of our forward-looking indicators."

And more ominously: "It is not reversible."
"There is virtually nothing that can be done to avert what is going to happen," he said.

Achuthan cites "dozens of leading indexes for the U.S." and "contagion in what is going on among those leading indicators. It's wildfire, it's recessionary, it is not reversible."
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