The ECRI was out overnight claiming that the US economy is already in recession. I don’t agree at this point though obviously the danger is lurking as the globe slows. And, as I’ve said before, any easing in the housing recovery and it’ll be game over. Still, it’s not easy to dismiss the ECRI. Their track record is good.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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