Author Topic: Double Dip here?  (Read 967 times)

Offline Polar Bear

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Double Dip here?
« on: September 30, 2011, 05:10:53 PM »
Some think so.  How about you?  I expect a slowdown with the up coming election since ther always seems to be one at that time; but I think this one will be more so given the global economic status.

http://money.cnn.com/2011/09/30/news/economy/double_dip_recession/index.htm?iid=Popular

endurance

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Re: Double Dip here?
« Reply #1 on: September 30, 2011, 06:08:23 PM »
Personally, I'd be surprised if the third quarter is positive, but unless there's a miracle, I can't see making it to Q1-12 without slipping into negative GDP again.  The deleveraging is too much of a drag on the economy to stay positive.  The fed is out of bullets.  I think we're in serious danger of deflation.