Double dip on the way?

[RickN]

We should know for sure the end of next month but at this time it sure looks like a double dip recession is headed this way. The GDP for the first quarter was revised down to 0.4% from 1.9%. For the second quarter it is at 1.3% and if revised down nearly as much we will be in negative territory again.

 

[Vamoose]

I don't think so. (I'm looking for a new hole in the sand. My head's getting tired of the old one.)

 

[LightningCrash]

I hope it's not true. Though a recession would make a lot of people here happy.

 

[SMS]

I hope it's not true. Though a recession would make a lot of people here happy.

Happy only in the context that it would show that the direction we are heading in is not the right one....Many realize it already, but the sheeple need a wake up call.

 

[HMFIC]

I believe that we are headed that way if not already really in one and the numbers are just inflated and spun and don't reflect it.

I also won't be happy about it. I will however be happy about the fact that once the numbers prove it, Obama and Congress won't be able to deny it anymore and continue down this road of pretending that everything is just peachy and we're recovering.

The government needs an enema... we need to vote to clean out all of those crooks and get some common sense people in there instead of life long politicians.

 

[doctorjj]

The bond yield would currently indicate NO.
http://www.treasury.gov/resource-ce...interest-rates/Pages/TextView.aspx?data=yield

 

[Seadog]

I believe that we are headed that way if not already really in one and the numbers are just inflated and spun and don't reflect it.

I also won't be happy about it. I will however be happy about the fact that once the numbers prove it, Obama and Congress won't be able to deny it anymore and continue down this road of pretending that everything is just peachy and we're recovering.

The government needs an enema... we need to vote to clean out all of those crooks and get some common sense people in there instead of life long politicians.

I AGREE. It Does need a large ENEMA

 

[Larry Morgan]

I haven't heard anything about it. I guess I have to agree that I hope there isn't one, but it would prove that the boat is taking on water, and rather than just assume the boat is too big to sink, we might invest some time and effort to fix the holes.

One of my favorite metrics (thanks to the CFO of our company), is the PMI. Right now it's still above 50% and is steadily (but slowly) increasing.

 

[DA 20]

I believe that we are headed that way if not already really in one and the numbers are just inflated and spun and don't reflect it.

I also won't be happy about it. I will however be happy about the fact that once the numbers prove it, Obama and Congress won't be able to deny it anymore and continue down this road of pretending that everything is just peachy and we're recovering.

The government needs an enema... we need to vote to clean out all of those crooks and get some common sense people in there instead of life long politicians.

I don't know why anyone would be happy about another recession, but we need something to prove Obama is way over his head.

 

[Biggsly]

I don't know why anyone would be happy about another recession, but we need something to prove Obama is way over his head.

Its just a cheap shot for anyone who is against Obama. I don't think OSA is full of people that want a recession.