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5 Reasons to Fear a US Double Dip Recession
As the prospects for a double dip recession in the US seem to increase by the day, just about every bearish market commentator has his or her reasons why we should the triumphant return of the Great Recession. Even though I am not usually one to follow the crowd, in this care I figured I might as well join the party and discuss my 5 favorite reasons a double dip may be upon us. (Please forgive the use of Scribd to preserve the formatting of the charts)
Ben Claremon
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I have to say - this article reflects my own thinking about where we are. If we're not in recession, we're in static, no growth mode, which is not sustainable given the debt burdens. Bernanke's sprinkling of dollars to create inflation of assets may have worked to prevent further deterioration of values, but has not reflated them. His delivery system is defective, since the fabled helicopter only drops money on a very limited audience, and the money does not "trickle down" as perhaps he would hope.
We will see confirmation of the double dip before long, and the effects of zero growth may be far more pernicious than we imagine. Better to burn out, than it is to rust. But rust appears to be our fate, and it will happen so slowly we may not notice. But fret not, the rich, who benefited from TARP and the other taxpayer funded measures designed to prop up their collapsing world at your expense, will stay that way.
hmmm i keep hearing about taxes not being raised on a federal level , yet for some previous tax cuts will roll off as pointed out . On Municipal level however we have already seen real estate taxes rise and as well state coffers are empty and governors are getting creative raising fares and tolls , yet another form of tax . Let us not forget that with health care reform companies will be passing the increases onto employees . This isnt an IF its a WHEN
Have you not heard? Recession is ooooooverr.
We did it!*
Bahahahaha, you've drank the coolaid. Bend over and kiss your ass goodbye!