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Does gathering gloom raise risk of double dip?

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Does gathering gloom raise risk of double dip?

Post by Jen on Fri Jun 17, 2011 1:39 pm

Does gathering gloom raise risk of double dip?
With recovery limping along, pessimism could begin weighing on growth
http://www.msnbc.msn.com/id/43432796/ns/business-eye_on_the_economy/

Economists say the lingering effects of the Great Recession help explain
why so many businesses, investors and consumers remain so gloomy about
the outlook for the U.S. economy. The mood appears to be worsening,
leading to a concern among economists and others of a self-fulfilling
prophecy -- that worried consumers will slow spending, further hampering
the recovery, and perhaps raising the risk of a double-dip recession or
at least yielding years of sluggish growth.





Rolling Eyes Of course, instead of admitting that there never was a recovery, they are trying to blame the people for being pessimistic. Evil or Very Mad
As if nobody is buying anything because they are in a bad mood. How stupid. Nobody is buying anything because they can't.


Apparently, 71% of the people that took the poll aren't buying it either.

How do you feel about the economy?Discuss this story

  • I think this is just a soft spot

  • I worry we are heading back into recession

  • It doesn't feel like we ever got out of recession to me

  • I'm not sure what to think
Results of 7,663 votes with 745 comments

15%
I think this is just a soft spot
1,174 votes


9%
I worry we are heading back into recession
693 votes


71%
It doesn't feel like we ever got out of recession to me
5,458 votes


4%
I'm not sure what to think
338 votes
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Jen
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Re: Does gathering gloom raise risk of double dip?

Post by requete' on Fri Jun 17, 2011 3:47 pm

IMO ? We have never gotten out of the Recession ( AKA: Depression ) !!!
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Location : Flint, Michigan
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