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« Death Cross History | Main | Slow Weak Ahead »

Friday, July 02, 2010

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Trader 123

There's only been ONE DOUBLE-DIP in the last 72 years... but don't let that get in the way of all of your "Gloom and Doom".

:)

yelnick

Trader123, yes, one double dip but this will probably be considered a single dip - we have not gotten even close to back to even. In 1980-82 we went back to normal then fell down again. This is hauntingly more like 1930s, where we fell hard, rose halfway, and fell back. This time we seem to be in a slow L shape for a while with a risk of falling down again. If we fall to negative, since the powers-that-be have shot their wad, it may be a serious drop. The private sector is struggling and all the govt can do is QE, putting us into a potential Japan-like L for years .. but since there is no equivalent to the US out there (the US in the 90s and 00s kept the Japan L from become a W) , we could just sink until someone comes along and goes back to growth policies.

Mamma Boom Boom

>we could just sink until someone comes along and goes back to growth policies.<

I think you are giving Americans too much credit.

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