Showing posts with label National Bureau of Economic Research (NBER). Show all posts
Showing posts with label National Bureau of Economic Research (NBER). Show all posts

Friday, July 29, 2011

Double-Dip Scare

The latest GDP numbers show the U.S. is in a cyclical downturn.

And now a double-dip scare is upon us, as first quarter results were revised down to stall speed of 0.4%. The second-quarter came in worse than expected at 1.3%.

Those numbers could get revised again into negative territory, meaning, we could now be in a double dip.