Tag Archives: Panic Now!

Mish/ Mike Shedlock – Recession is On the Way: Questioning One’s Sanity; Beat the Crowd, Panic Now! – 27 February 2015

MishMikeShedlockIn 2006-2007 I called for a recession. We got a big one. I called for another one in 2011, as did the ECRI. That recession never happened.

50% is not a very good recession predicting track record except in comparison to consensus economic opinions that have never once in history predicted a recession. Consensus opinion is batting a perfect 0.00%

Investigating the Record

By the way, the ECRI was late in calling the recession of 2007. They still deny it. And questions regarding the 2001 recession and ECRI have still not been answered. Continue reading