ECRI Stands By Its Recession Call: Year To Year Economy Growth Worsen, Not Better
Economic Cycle Research Institute (ECRI) published an article yesterday, defending its recent controversial recession call. The article stresses the year to year comparison, instead of on seasonally adjusted data. Some key points: GDP growth: year to year 1.5% flat line in the last 3 quarters. The growth peaked in Q3 2010. Sales growth year to [...]
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