02-28-2012, 04:09 PM
<!-- m --><a class="postlink" href="http://money.cnn.com/2012/02/24/news/economy/double_dip_recession/index.htm">http://money.cnn.com/2012/02/24/news/ec ... /index.htm</a><!-- m -->
CNN calls it "double dip" but Achuthan says it's not a double dip -- it's just a second recession (we got out of the last recession, albeit not to the degree some had hoped).
- Achuthan denies that he is taking a bearish view of the economy, saying that when others worried about a double-dip recession risk in the fall of 2010, he saw no signs of a downturn at that time.
But more than 50 years of economic data followed by his firm has shown him that when underlying growth slows to this degree, a recession always follows.
CNN calls it "double dip" but Achuthan says it's not a double dip -- it's just a second recession (we got out of the last recession, albeit not to the degree some had hoped).