Vanguard: One in three chance of double dip

[bizlady]

Buying Small, Spending Big

 

[Gone4Good]

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.

 

[fritz]

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.

T Theory