NASHVILLE, Tenn. [[MarketWatch) -- Economists and financial analysts are currently arguing whether the economy will experience a "double dip," a recession followed by a short recovery, followed by another recession.
Some think the worst is behind us, and that output and employment will slowly but steadily increase during the next few years. Others believe we are headed for another crash. The lessons from the last business cycle favor the case for pessimism.
Is the U.S. heading for a double dip?
There are troubling signs about the U.S. economy, but it's not in double-dip territory and shouldn't be for at least the next few months.
It has been said that if one laid all the world's economists end to end, they wouldn't reach a conclusion. Even so, a surprisingly large number of economists now agree that then-Federal Reserve Chairman Alan Greenspan made a tragic mistake. After the dot-com bubble burst in 2000, Greenspan opened the monetary floodgates.
http://www.marketwatch.com/story/dou...ain-2010-07-20
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