July 29, 2004
News & Opinion: More about Business Cycles
Our recent guest Lakshman Achuthan and his partner Anirvan Banerji are featured in the July 26th issue of Fortune. The article talks about:
- Their work at the Economic Cycle Research Institute (their clients range from DuPont to the CIA)
- Their book Beating the Business Cycle (the 20,000 copy first printing sold out)
- And their current forecast ("The weekly leading index points to a slowdown in the U.S. 'We are going from above-trend growth to closer to trend - about 3%," says Achuthan. Meanwhile, he says, the future inflation gauge projects rising heat: 'Both core CPI and CPI are in a cyclical up-turn.' Oh, and housing prices are still headed upward.").