male silhouette.

Erik Townsend and Patrick Ceresna welcome Lakshman Achuthan to MacroVoices. Erik and Lakshman discuss:

  • All-time highs in the stock market despite the pandemic – what cycle does this reflect?
  • What cycle is driving the recovery?
  • How to manage cycle risks
  • What does USFIG (U.S. Future Inflation Gauge)suggest comes next?
  • When to expect secular inflation based on leading indicators
  • What cycles tell us about the recent upside in the stock market

Download the podcast transcript: [Click Here]

MacroVoices #218 Lakshman Achuthan: What cycles teach us about what to espect post-Coronavirus

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Lakshman will refer to it throughout the interview. If you are already registered at, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register or login for access to supporting materials.


Lakshman Achuthan is the co-founder of ECRI. He also serves as the managing editor of ECRI-produced forecasting publications. Over nearly 30 years of analyzing business cycles, he has been regularly featured in the business and financial media, and as an invited speaker at a number of conferences. In 2004, he co-authored" style="color: rgb(0, 154, 202); text-decoration: none; outline: none;">Beating the Business Cycle: How to Predict and Profit from Turning Points in the Economy »

Achuthan met his mentor, Geoffrey H. Moore, in 1990 and was immediately fascinated by Moore’s unique approach to analyzing business cycles. After working together for years, with co-founder Anirvan Banerji, the three left Columbia University to start ECRI in 1996.

Achuthan serves on the Board of Governors for the Levy Economics Institute of Bard College, and as a trustee for several foundations.

Follow him on LinkedIn and on Twitter at" rel="noopener" style="color: rgb(0, 154, 202); text-decoration: none; outline: none;">@businesscycle.