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Vanguard: One in three chance of double dip
Old 09-30-2010, 12:05 PM   #1
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Vanguard: One in three chance of double dip

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Old 09-30-2010, 12:19 PM   #2
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1 in 3 sounds about right. We're getting pretty close to stall speed on the economy, with 1.7% growth last quarter and most folks thinking the 2nd half of 2010 is going to be around 2.1%. It wouldn't take a big shock of some kind to push us back in to reverse. I think me muddle through, which is maybe another way of saying that there is a 2 in 3 chance that we avoid a double dip. But those kind of growth numbers won't do much to help the employment situation. We could be looking at near 10% unemployment for a while.

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Old 09-30-2010, 02:53 PM   #3
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As of Wednesday - Dex's T-Theory friend is looking at a down-turn sometime aro. October 11-18, and then a fall-off towards the end of the year.

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