Lakshman Achuthan Confirms "The US Is 'Still' In Recession"

Tyler Durden's picture

Having described the US as "worse than Japan in the 90s" during his last appearance, ECRI's Lakshman Achuthan remains adamant that (despite Bloomberg TV anchors' insistence that stocks are at all-time highs must mean something) the US has been in recession since last year and remains so. His comments that "you wouldn't have four years of zero-interest rate policy and quantitative easing if everything was okay," are as cogent now as then as he critically explains, as we have noted here and here, that the attention being paid to 'soft data' surveys (such as ISM) is entirely mistaken since ISM/PMIs are now negatively correlated to actual production. The data (hard data doesn't lie) in hand, he notes, suggest downward revisions and well within the range of a mild recession and "the market is disconnected."

 

1:00 ISM/PMI Debunking

1:50 How disconnected the markets are

2:20 The Secular challenge

 

 

 

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markmotive's picture

Maybe not your classically defined recession. But why else do you think the Fed has no choice but to keep pumping money?

The Fed is trapped.

http://www.planbeconomics.com/2013/11/paul-craig-roberts-fed-trapped-by-...

LetThemEatRand's picture

The Fed is trapped in printing money that goes to the wealthiest Fed owners in exchange for debt for all American citizens including the wealthy ones.  Almost as if by design to take back what they owned until a couple hundred years ago.

odatruf's picture

Really, we ought to be glad we had a hold of some of it for so long then.

 

LetThemEatRand's picture

We had a couple of hundred years.  They've had thousands.   But you know that with your Fawkes mask.

TheMerryPrankster's picture

But the parasite has given the host a terminal disease, and by globalization all hosts are simultaneously infected, which means the parasite no longer has a collection of healthy hosts available.

When the host dies the parasite so to will perish and the parasites are too stupid and in love with their own supposed infallibility and superiority to understand this obvious fact.

 

TheMerryPrankster's picture

They call it
"dying to be rich" cause thats what it takes.

Truthseeker2's picture

Recession ... or DEPRESSION!

An endless JOBLESS RECOVERY ... for how many years?!?!

 

"IV. DEPRESSION BY DOWNWARD DEFLATIONARY SPIRAL;
DETERIORATION OF NATIONAL ECONOMIES BY DEFLATION;
DEFLATION MORPHS INTO HYPERINFLATION"
 


"The FOUR HORSEMEN Herald the Death Knell of Predatory Capitalism"

 http://cosmicconvergence.org/?p=1987

 

Skateboarder's picture

Lakshman Achuthan, world famous recession spokesman. He's a ZH regular at this point.

q99x2's picture

Dudes one step up from a conspiracy theorist.

It took him years to come up with how the FED pulled the wool over CNBC/GS' eyes.

That's ok I like his name.

 (hard data doesn't lie)

and FED algos don't care.


TheMerryPrankster's picture

and if you don't investigate a chrome plated turd, looks lke solid chrome.

The surface is an illusion. The world you think you live in doesn't exist.

They say we are in a recovery, but for 4+ years we have been unraveling with the frosting of wall street hiding the shit cake underneath.

Foodstamps, foreclosures, unemployment, find the real numbers and understand the real wolrd not the television fantasy you are being told.

Gilligans Island was not a documentary, the power to beleive is the tool of the con artist, the media is playing 3 card monte while the banks that own the media, steal your money.

 

quasimodo's picture

WTF clown show do they hire these jokers from ?

One the one hand we have a ditzy pretty girl talking up the record high markets and twitter IPO like a total valley girl

and sitting opposite is uncle fester who is only lacking a rubber bulb clown nose and his monkey side kick.

 

Tinky's picture

That confirmation was a great relief...until I began to worry that I might be suffering from confirmation bias.

Now I'm fretting again.

MGA_1's picture

So.. can't he just admit he was wrong?  Our business is up 50% since last year - this is growth.  Will it last forever or have some horrible adjustment later - that I cannot tell - but the US is growing right now.

CrashisOptimistic's picture

What is your industry and business size, and is it a direct beneficiary of $85 B / month printed?

ebworthen's picture

10 to 1 he's in the health insurance industry, or firearms/ammo.

adr's picture

My company is down 35% from last year and 60% over the past three. 

There is still plenty of demand for our product but our buyers at the big accounts have no money to place orders. 

Word from the top is all inventory is bought to support the stocks of companies management has stakes in.

prains's picture

WOW

 

in other words....a ponzi !

 

<sound of chair hitting floor>

tvdog's picture

Just visited a Ford dealer for service. Never saw the lot so full. GM isn't the only channel stuffer.

Wahooo's picture

You're not allowed to talk like that. It's racisss.

TheMerryPrankster's picture

How long have you owned your chain of pawnshops and rent to own stores?

WTFUD's picture

a plethora of epiphanies of late. something's brewing!

Thin_Ice's picture

Because it is getting harder and harder to hide the writing on the wall.

TheMerryPrankster's picture

Because the walls are crumbling, there is nowhere left to hide.

the problem with retelling a lie in an attempt tofabricate reality, is the effort as each moment reality reveals the last statements to be lies, eventually the lie becomes so huge as to be inconceivable and at that moment trust fails and the lies become obvious and a new lie dujour must be invented ie "we didn't know" or we "couldn't have known" or the everpopular "it was a 500 year economic event"

"Control fraud" as William Black describes it. When those we trust to be in charge use that trust to commit fraud it is impossible to stop, because those in charge of stopping it are involved in it.

Globalization and electronic networks don't make markets and governments more robust they just make they more easy to exploit .

How long can we bleed before dying? That is the critical question to understand if one wants to protect themselves from the crooks, thieves and vampires destroying the economies of the world.

Currency  is one of the tools by which they destroy our economies, invest in hard assets, that are likely to retain at least a portion of their value.Land and gold if you have the means, Toilet paper, booze, tampons,drugs if your capital is limited. Toilet paper lasts a long time and if the shit hits the fan, it will be a great barter material, Hell toilet paper is the only thing our currency is really good for, and it makes a pretty terrible toilet paper at that.

Federal REserve Notes, what are they really good for? kindling, toilet paper, and when crumpled a modest sort of insulation, they will also temporarily block a hole in a worn out sole, though chipboard cardboard or leather will do a much better job.

trade em for physical objects before the electronic credits evaporate in the great economic depression fucking of the decade.

the paper dollars will be worth something for a bit after the collapse until barter gets into full swing. When the FED starts issuing Charmin the dollar will have reached real par with the economy.

HardAssets's picture

Nothing in that interview that most ZHers haven't known for some time. The numbers are distorted/rigged and theyre juicing the stock market with money printing.

Cookie's picture

Strip out the black economy and the financial sector frauds and there is not a lot left in the USA

TheMerryPrankster's picture

You can't spell FRAUD with out the FED.

adr's picture

Good luck New York City. Your new mayor sure seems like a stand up guy. I'm sure he married his wife for love and not future votes.

"New York has entered a new progressive era."

Jesus if Blomberg was bad, this guy is going to make Orwell look like he was writing nursery rhymes.

tvdog's picture

His opponent thought stop-and-frisk was good policy.

booboo's picture

and De Blasio will trade Stop and Frisk with Depants and Probe starting with public school children and the progs will cheer.

ebworthen's picture

The recession never ended.

People cashed out 401K's, IRA's, and sold their homes.

This is why the "deficit shrank" - the Treasury getting a tax windfall from retirement account withdrawals.

DUH.

The talking heads think it's 1983 not 1931, funny if it weren't so sad.

The real crash has yet to arrive.

Oldballplayer's picture

More like 1937. Not quite into the full retard shit.

Atomizer's picture

Lakshman Achuthan COO-COO, COO- COO

 

Guess what? Just watched a Bloomturd advertisement for Planters Peanuts for Christmas Season before your video began. By Christmas time, chocolate Easter eggs will fill the shelves. /LOL

Notarocketscientist's picture

Who is the stupid blond more-on?  Have I seen her in a hard core porn flick?

prains's picture

....she's not smart enough for porn

CHX's picture

This blond sheeple cheerleader has been brain-effed real' good.

ebworthen's picture

Looks like Snookie's cousin; trampalicious, in a trashy porn flick kind of way.

Atomizer's picture

The zombie Corporations have killed its host. <claps, claps> Here's a new marketing strategy, Save up to 70% now if you purchase your 2015 Christmas items today. TOC: 24 months or same as cash financing..

 

Just wait until they start installing facial recognition camera’s & data mining software for smart phone devices into all the malls, etc. Westfield properties can be purchased for pennies on the dollar, all tumbleweeds are included in the sale purchase.

 

The Heart's picture

This former secret service agent should be president.:

http://www.youtube.com/watch?v=-nfA7IyL1pk#t=37

 

 

kurt's picture

Sociopaths know that opening your eyes wide makes you look honest and animated, especially if you have shapely lips. They also know that bow ties disarm the critical.

waterdude's picture

Screens still stuck in 2008 mode at ZH it seems...

CHX's picture

L.A. is and has been spot on since his first call for recession last year (me thinks to remember). 

Hobbleknee's picture

Wish I could get paid fat stacks for stating the obvious.

konputa's picture

You should run for public office. It would be revolutionary for a politician to state the obvious instead of the constant stream of bullshit and lies we've been accustomed to.

DOGGONE's picture

Massive deception by omission -- to END it, first SHOW it.
http://patrick.net/forum/?p=1230886

roadhazard's picture

I'm just shocked, shocked I say.

Shizzmoney's picture

Lak is always on point.

He's right. Stock markets don't always reflect recessions.  Hell, stock markets actually go UP on rising unemployment (because it means more asset buying by the central banks).