Achuthan: Recession a Bigger Concern Than Inflation
Lakshman Achuthan, a managing director at Economic Cycle Research Institute, talks with Bloomberg's Carol Massar in New York about the outlook for the U.S. economy, inflation and consumer prices. The consumer price index increased 0.6 percent in May, the Labor Department said today. So-called core prices, which exclude food and energy, rose 0.2 percent. (Source: Bloomberg)
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00:00 Recession as "primary concern" over inflation
01:03 "We do not have strong signs of a recovery."
02:50 Reasons why inflation not "out of control"
Source:
Achuthan: Recession a Bigger Concern Than Inflation: Video
Bloomberg,June 13 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az8dsAnExK9c
Sunday, June 15, 2008 | 03:30 AM | Permalink
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He is right, and Ben, et al, know the same thing. They are just panicking about oil prices and the prospect of higher EU rates.
Posted by: KJ Foehr | Jun 15, 2008 3:53:15 AM
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