Showing posts with label global and U.S. economic. Show all posts
Showing posts with label global and U.S. economic. 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.