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Monday, August 15, 2011
rl2010marketing: America - Economy & Endless Recession
rl2010marketing: America - Economy & Endless Recession: "America - Economy & Endless Recession"
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Seeded by Brian Stora
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My colleague makes a good case that Europe is on the verge of a double dip. What about America? Its odds of recession have risen in the last month but I’d still put them below 50%. Yes, stock and bond markets have discounted the worst, but the hard data has actually gotten better. First, there was the positive employment report last Friday, largely drowned out by Standard & Poor’s downgrade of America’s credit rating.