
MacroVoices #314 Lakshman Achuthan: Inflation is Neither Transitory or Secular, it’s Cyclical
Macro Voices
00:00
Recessionary Window of Onorability
In february of that year, we were all alone in predicting a recession. Our research showed recessionary window of vulnerability had already opened up. The fed didn't cut rates until late october, three months after the recession began. That's anreal example of war triggering us. Going back further, i think most would agree that the december 19 forty one attack on pearl harbor was a much bigger shock, right? Ah, but it didn't trigger a recession. Again, the window of honorability wasn't open to this massive negative shock. And sure enough, india didn't go into recession. So i'm giving a bunch of these examples because the critical insight that we
Transcript
Play full episode