Chart Shows Glaring Economic Risk That Could Wipe out Record Highs

via CNBC:

Economic forecaster Lakshman Achuthan is warning Wall Street that the market’s new highs don’t signal a revitalized growth cycle.

Achuthan, co-founder of the Economic Cycle Research Institute, believes it’s not an ideal environment for sustainable gains.

“All the optimism is really in these risk-on assets,” he said Wednesday on CNBC’s “Trading Nation. ” “When we look to the hard data, we see the slowdown. There is a deceleration in growth that has been going on. It’s continuing actually to occur, and that’s the disconnect here. ”

READ  Beyond 2008: Approvals for Over Leveraged Borrowers Hit Record High! Debt TRAP Set. Investors Seek Highly Risky Bets To Offset Super Low Interest Rates
READ  “We’re #1”: Yet Another Ignominious All-Time Record High Is Established In The Late, Great United States…

He takes his case a step further by highlighting a chart that shows industrial output and consumption slowdowns. It illustrates that their growth rates turned down in the second half of last year and never materially recovered.




Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.