Looks like the Country may be sliding into a “Double Dip” recession, and if it does, they’re saying this one will be a lot worse than the past one.

Some of the factors economists are using are 1.) Low, low consumer confidence, 2.) New and existing housing sales are way down, 3.) Unemployment numbers are still way up, 4.) $1.3 Trillion deficit and 5.) GDP is on a downward trend (next Qtr. numbers will tell).

The main words here are “MAY” and “IF”, they’re not saying we will have a “Double Dip”, but the indicators are pointing that way.

But if we do, look out because inflation is just around the corner, does anyone here remember the “Jimmy Carter” type of inflation, this may be worse.

Yep, 2nd Qtr GDP slowed to 1.6%, looks like were heading in the wrong direction folks.

for me the five big concerns are:

- we still haven’t seen commercial real estate falter. when’s that coming?
- unemployment is more like 18-20% if you count the under-employed and those who are no longer looking for work
- nearly $2T cash on non-financial concerns’ balance sheets (some of which may be taxpayer dollars, BTW)
- consumers are saving more than they used to and taking on less consumer debt, which is closely related to ...
- anemic consumer demand ergo no investment in plant & equipment, lines idle

i bet a lot of that cash will be moving to Dubai, aka New Switzerland. take Erik Prince for example. just keep your eyes on the money.

http://www.nytimes.com/2010/08/18/world/18blackwater.html

i am very concerned about a double-dip.

double dip idea took a couple of good shots to the chin in the past two days…nice to see some decent economic news for a change. I can’t remember the last time I heard anyone as giddy about the job market as the folks who released the Challenger Report were yesterday.

The double dip monster is stumbling around the ring after today’s unemployment report…that was a vicious shot to the noggin. It wasn’t a knockout blow to the theory as too many people have a vested interest in the negative outcome….but it sure put a hurting on it.