Tuesday, August 2, 2011

Double Dip

And its not on a cone...

There are several signs that a recession is firmly in place again and that the downturn could last for several quarters. Most are already easy for the average American to see.
This is not an isolated opinion it appears. Just ask the chief economist at Moodys.
"Even with a market-friendly resolution of the debt standoff," they write, "a double-dip recession is far from unlikely."
That friendly market is back under 12,000. Thanks Barry!

2 comments:

WomanHonorThyself said...

pass the ice cream buddy!

Always On Watch said...

Yep.

Washington, D.C., is mostly insulated against these recessions because of all the government employees. But the trend of this administration's creating more and more government jobs is unsustainable.

America's economy has become the proverbial house built upon sand.