Lakshman Achuthan

One of the things recessions do is uncover weak links. When you're in a strong economy, a bull market, you read more

One of the things recessions do is uncover weak links. When you're in a strong economy, a bull market, you can paper over a lot of things. When you get under some strain, these things show up.

It's the 'Red Queen effect' -- you've got to run twice as fast just to stay in place.

It's the 'Red Queen effect' -- you've got to run twice as fast just to stay in place.

I don't think we're going to see jobs collapse or disappear. There is a bit of fear in the air read more

I don't think we're going to see jobs collapse or disappear. There is a bit of fear in the air with what's been going on with oil prices and the hurricane that there's going to be some kind of collapse. But I think this economy is resilient.

The continued weakness in a number of components of the index suggests that it's more than just high oil prices read more

The continued weakness in a number of components of the index suggests that it's more than just high oil prices that are ailing the economy.

It will temporarily depress some economic activity, in much the same way a snowstorm could.

It will temporarily depress some economic activity, in much the same way a snowstorm could.