Lakshman Achuthan, co-founder and managing director of the Economic Cycle Research Institute, says Global Industrial Growth has peaked and is slowing down. He also says the US Economy is going to slow down dramatically.
Specifically, this slowdown in the US will be at least a couple of quarters long, and possibly longer. Achuthan bases this call on long term indicators which does not include commodities or stock market indicators. It does, however, look at housing, profits, etc.
His firm follows 20 countries and he says this is a natural progression of the ebb and flow of the Global Economy business cycle.
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