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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".



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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