Mind Over Market

From the Zero Hedge, July 31, 2013: Lakshman Achuthan of the Economic Cycle Research Institute is interviewed on Bloomberg TV "Tyler Durden" at Zero Hedge reports how Achuthan challenges the conventional wisdom that the economy is doing well and how the anchors of the show, especially Tom Keene, defend their view. At 1:05, Achuthan stuns the Bloomberg anchors - "We believe that a recession began last year. Time will tell if that call is correct."  To which they retort...  "The jobs situation is great" [LA] ...the job market is not doing well, all headlines aside. When you – I think the core thing here, and something that concerns us quite a bit, is the types of jobs that make money.  So if you happen to be between the age of 35 and 54, since this so-called jobs recovery began three-and-a-half years ago, you’ve actually seen job losses, not gains, okay ? Job losses for 35 to 54 year-olds approaching a million jobs lost. Now that ...

Aaron Tasker of the Daily Ticker Interviews Lakshman Achuthan November 29, 2012: The U.S. economy grew 2.7% in the third quarter, up from a previously reported 2% the government reported Thursday. But the guts of the report raised some concern, notably a big increase in inventories and a big downward revision to consumer spending. For most economists, the GDP report provides further evidence of a U.S. economy that's growing modestly, but far from robustly. For Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, the report is a distraction from the real story: the U.S. economy is already in recession. Read more here .