The current debate over the economy has been written to suit political whims and the needs of floundering mainstream news outfits, such as CNN.

There is no doubt that the current shape of the US economy is wanting, but what is most ironic, is that despite claims to the contrary, Republicans demanded (and got) a slowing of government spending. Then ( Read more... )

Trying global economic times are still upon us, and might be getting worse.

Unfortunately, reporting on the economy appears to be getting slanted due to the upcoming election in the United States. Unlike 2008, when the sitting president was not running for reelection, the current president is. Unsurprisingly, almost every bit of economic news we ( Read more... )

ECRI Recession Call 2012

5 Days Left...Are we in a new recession, as ECRI has forecast would be the case by the end of this month ( Read more... )

ECRI RECESSION CALL 2012

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The Recession: ECRI Recession Call

Last September ECRI, the Economic Cycle Research Institute, resolutely announced to its clients and the rest of the world that the U.S. was unequivocally tipping into a new recession "and there’s nothing that policy makers can do to head it off."

Funny, it's been nine months later and ( Read more... )

Soft Jobs Report & Mass Media Yells Fire!

You know, I just have to comment how so often on the right the right tries to defend the likes of Fox News or Drudge by saying that the "liberal media" offers up the same slanted reporting favoring "their side," and even doing more of it (biased reporting)... but with "liberal media" like this (see image ( Read more... )

G8 Leaders may be Grasping Reality
G8 world leaders meeting with President Obama at Camp David on Saturday found themselves agreeing that some things must be done, and soon, to turn Europe's imploding financial condition around, lest that another historic and global deep recession ensues ( Read more... )

U.S. Data Suggests Europe Having Impact

The unofficial recession underway since last year in Europe and most visible in Greece appears to be undermining the resilience of all the economies around the rest of the world, clearly now including the United States as well.

On Thursday economic data show a US economy once again increasingly at risk of ( Read more... )

At the end of last September marquee economic business cycle research and forecasting group ECRI (Economic Cycle Research Institute) declared that a new U.S. recession was imminent, and that there would be nothing that the government, including the Federal Reserve, could do to prevent it ( Read more... )

The Economic Cycle Research Institute, ECRI, came out yet one more time on Friday to further explain their recession rationale. With the U.S. economy now clearly having improved markedly since last summer, when it all but seemed likely that a new recession was imminent, ECRI is now just about the only heavyweight economic cycle forecasting group to ( Read more... )

More cold water on Republican hopefuls and ECRI, the latest survey of CFOs points to even better hiring prospects ahead ( Read more... )