It's a recession! Lakshman Achuthan finally pulls the trigger

Via The Curious Capitalist:

He held off for a while in hopes that maybe Washington could come through with enough monetary and fiscal stimulus to stave it off, but now Mr. Business Cycle himself is saying it: We're in a recession. From CNNMoney:

Lakshman Achuthan, the managing director of the Economic Cycle Research Institute, said the economy has now fallen into what he calls "a recession of choice.">>>MORE

Our other posts today on this topic:

Now With the Recession Behind Us...

And

Markets: I Scream, Triple Dip