Lakshman Achuthan on the US recession

there will be no economic miracle. what is it worth hoping for: EM & BS Recession. what to be afraid of: BS Recession в EM. if EM does not have BS Recession, то BS Recession в DM – this “mild recession”, although painfully slow. as a result, we get a slow reduction in multipliers, not a collapse in profit, sales and profitability.