Friday, August 13, 2010

Summer 2010

ice cream, double dip, recession, roller coaster, amusement park, economy, summer: Dry Bones cartoon.
Two current (issued within two days of each other) expert opinions about whether or not to worry about a double dip recession.

1. No reason to worry:

No fear of double dip recession: US treasury chief

WASHINGTON: "US Treasury Secretary Timothy Geithner dismissed fears of a double dip recession in an interview aired on Sunday, but warned of a slow US recovery with the economy only gradually gaining strength.

Geithner was asked on NBC's "Meet the Press" whether he thought the economy would dip back into recession before things got better.

"No, I don't," he answered. -more

2. Start worrying:

Chance of double-dip recession is high: (Reuters)

- "The state of the economy is worrisome and there is a high possibility of a double-dip recession, one of the property market's most well-known economists said on Tuesday.

Robert Shiller, professor of economics at Yale University and co-developer of Standard and Poor's S&P/Case-Shiller home price indexes, told Reuters Insider he does not know where home prices may be headed, but believes the economy may be on a precarious path.

"For me a double-dip is another recession before we've healed from this recession ... The probability of that kind of double-dip is more than 50 percent," Shiller said.

"I actually expect it." -more

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As for me ... I plan to worry. It's the Jewish thing to do.

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