U.S. Tipping Into Recession, Achuthan Says
By Liz Capo McCormick – Sep 30, 2011 9:17 AM ET
The world’s largest conomy is showing signs of slumping, said the conomic Cycle Research Institute’s Lakshman Achuthan, citing leading indicators.
“The U.S. conomy is tipping into a new recession,” Achuthan, the group’s chief operations officer in New York, said in a radio interview today on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “You have wildfire among the leading indicators across the board. Non-financial services plunging, manufacturing plunging, exports plunging. That is such a deadly combination.”