Monday, August 29, 2011

Double Dip Watch

From Calculated Risk:


Based on the current trend, we may be adding another shaded blue area in the next couple of months.  This is disconcerting, especially considering that manufacturing has been one of the bright spots in the current "recovery."  I guess we'll see what comes.  The so-called experts are forecasting greater odds that there will be a double dip.  As much as the economic numbers have been getting revised down, I wouldn't be surprised if they determine we have entered or soon will enter a double dip recession.  In any case, it will take a long time for the job market to recover.

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