A lot of analysts have been predicting a double dip recession in 2012 and have a lot of data to support it such as a second wave of foreclosures to peak in August 2012, Greek defaults and consequent bank failures, etc. Is there any counter argument backed by data to suggest that we will not get another recession? What is the best case scenario? Can anyone offer a solid counter argument why we should not believe we are headed for another recession in 2012.
A lot of analysts have been predicting a double dip recession in 2012 and have a lot of data to support it such as a second wave of foreclosures to peak in August 2012, Greek defaults and consequent bank failures, etc. Is there any counter argument backed by data to suggest that we will not get another recession? What is the best case scenario? Can anyone offer a solid counter argument why we should not believe we are headed for another recession in 2012.
@halflinks A recovery for whom? Some 47 million people on foodstamps is not a recovery. Millions of homeowners "underwater on their mortgages" and an official unemployment rate of 9.1% is not a recovery. Perhaps, the people at "Occupy Wallstreet" are right. The disasters are still to come.
This has been flagged as spam show
A lot of analysts have been predicting a double dip recession in 2012 and have a lot of data to support it such as a second wave of foreclosures to peak in August 2012, Greek defaults and consequent bank failures, etc. Is there any counter argument backed by data to suggest that we will not get another recession? What is the best case scenario? Can anyone offer a solid counter argument why we should not believe we are headed for another recession in 2012.
como651 4 months ago
This has been flagged as spam show
A lot of analysts have been predicting a double dip recession in 2012 and have a lot of data to support it such as a second wave of foreclosures to peak in August 2012, Greek defaults and consequent bank failures, etc. Is there any counter argument backed by data to suggest that we will not get another recession? What is the best case scenario? Can anyone offer a solid counter argument why we should not believe we are headed for another recession in 2012.
como651 4 months ago
@halflinks But the Dow was -40.72 today.
jimbonumber9 4 months ago
@halflinks A recovery for whom? Some 47 million people on foodstamps is not a recovery. Millions of homeowners "underwater on their mortgages" and an official unemployment rate of 9.1% is not a recovery. Perhaps, the people at "Occupy Wallstreet" are right. The disasters are still to come.
jimbonumber9 4 months ago
the recession started when the chinese flooded the banks with money and then withdrew their cash.
BullFighter2011 5 months ago
Double clears the bubble.
:)
Robert Lichota
rlichota1 6 months ago