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In our January 2006 EcoTrends issue (today called the Trends Report), ITR Economics was in print forecasting the coming 2008 downturn.

“Our extended outlook is for a recession around the end of this decade. As you can see from the chart, we expect 2009 and 2010 to be down years for the economy. Weakness in the business cycle is likely to begin showing up in the second half of 2008 for new orders and production, sooner for leading indicators such as housing and the Purchasing Managers Index.”

“Road signs to the anticipated decline will include a sharper rising trend in long-term
interest rates, definite problems in the housing market (in housing starts, existing
home sales, and sustained regional price declines), and international trade issues being increasingly politicized.”

“...be planning how you can recession-proof revenues and/or profits, and be in a position to prosper through the adverse macroeconomic period ahead. Be daring in your preparing for the downturn. It is going to take more than business-as-usual to keep you on the right side of this curve.”