tag:blogger.com,1999:blog-7131761677406025498.post3235748937617459332..comments2023-10-22T07:29:23.630-04:00Comments on EconBlog Review: Is ECRI Backing Off of Its Optimism?"DoctoRx"http://www.blogger.com/profile/07864962793726539567noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7131761677406025498.post-16148049404080930012009-07-10T18:29:04.478-04:002009-07-10T18:29:04.478-04:00Good catch -- I was taken aback when I read it too...Good catch -- I was taken aback when I read it too (I'm on vacation at the moment) and from ECRI's vantage point our summer recovery call has only strengthened since we made it in April. <br /><br />It seems we have a bit of editorializing from the Reuters staff. Specifically, I never said, "ECRI Managing Director Lakshman Achuthan holds that recovery is imminent before the year's end, as long as economic data continues to weaken at a slower pace."<br /><br />I did say, "It is increasingly evident that, despite widespread misgivings based on backward-looking economic data, the end of recession is at hand," and if you think about it the two statements don't make that much sense together. <br /><br />I will send them an email now and ask for a correction. <br /><br />Thanks,<br />Lakshman Achuthan<br />ECRILakshman Achuthanhttps://www.blogger.com/profile/09939726196767763708noreply@blogger.com