It’s A Cyclical Downturn In The Global Economy: Nobody Escapes

Forbes reports:

The sharp fall in the industrial manufacturing index– from 60.4 to 53.5 in a single month is abundant proof that we have reached a cyclical turn in the economy says Lakshman Acouthan, CEO of ECRI, a highly respected economic consulting firm in New York.

“This is a cyclical turn,” Acouthan just told me. “It is worldwide. Nobody escapes,” the ECRI executive told me after reading today’s economic tea leaves– which were seriously negative and distinctly different than the growth predicted by most large Wall Street institutions.

Obama unbeatable??