September 17th, 2010
The Ironic Thing About The Double Dip Threat
The financial news is out and the news is not very good. Okay, it is terrible. Unemployment is still a disaster. Home sales are so slow that the numbers compare to last century, although that admittedly is only 11 years ago. Given all the bad news, the dreaded double dip is being mentioned not only as a possibility, but a probability. Well, what does that really mean from a practical point of view?
The old joke is you could line up a thousand economists and still not reach a conclusion. Much of the current discussion seems to verify this joke. Some are saying we are facing deflation while a flip of the channels leads us to another supposed expert claiming that we are facing inflation as our biggest threat. My personal favorite is the guru who suggests we are facing both! Huh?


