ECRI: Recession is no longer a serious concern.

Lakshman Achuthan of ECRI appearing on Bloomberg TV this morning saying that their indicators suggest that recession is no longer a serious concern in the US.

I'm basically leaning the other way, but I always listen to the views of those with good track records and sound statistics, and ECRI certainly qualifies.

Additionally, he sees signs of a bottom in the housing market (though he wants to see a few months more of data), and believes, based on that bottoming and their recession call, that the Fed will not lower interest rates soon.

Earlier observations from ECRI here.

Bloomberg TV: Lakshman Achuthan of ECRI.