From Calculated Risk:
We're starting to climb away from the bottom, but I get the feeling that we're working toward another leg down. I wouldn't be surprised if we are losing more jobs in the fall, the weekly unemployment claims are growing again, and we're going to start feeling the drag from local, state and federal spending cuts. I also wouldn't be surprised if a combination of commodity prices and Euro-zone issues bring on a double dip. Even if we avoid the double dip, growth will be anemic.
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