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Posts Tagged ‘Lakshman Achuthan’

ECRI Had Forecasted GDP Weakness

Posted by Larry Doyle on July 29th, 2011 9:14 AM |

While economists up and down Wall Street express real surprise at the GDP reports this morning, regular readers of this blog hopefully recall the siren sounded by the Economic Cycle Research Institute in mid-May.

I highlighted the ECRI’s warning at that time in writing, ECRI Forecasting Global Economic Slowdown,

The ECRI clearly has a strong pedigree. More importantly the ECRI is not compromised by an existing relationship with a global investment bank or another entity looking to sell financial products. Against that backdrop, the crowd at the ECRI sees storm clouds on the horizon. Just yesterday IBD released a report covering ECRI’s forecast entitled Cruel Summer?>>>>>>>> (more…)

Commodities Growling Like a Bear

Posted by Larry Doyle on June 1st, 2010 2:48 PM |

Does anybody have any doubt that the equity markets are heavily manipulated by the banks and Uncle Sam? I didn’t think so.

The same clearly holds true for our credit markets, primarily the Treasury market. That said, the commodities market, in my opinion, is much more closely aligned with the real economy. What have commodities done over the last few years? The DJ-UBS Commodity Index was up a mere 16% in 2009 and is down 10% so far in 2010. Over the last two years, the index is down approximately 50%, significantly more than most major equity averages.

What are commodities telling us currently? Let’s navigate. (more…)






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