Wednesday, September 9, 2009
Stiglitz: "Significant Chance" of a Double Dip
As I've written before, the chance of a double-dip recession is quite high.
Last week, Nobel prize winning economist Joseph Stiglitz told Bloomberg:
The U.S. economy faces a “significant chance” of contracting again after emerging from its worst recession since the 1930s ...
“There’s a significant chance of a W, but I don’t think it’s inevitable,” he said. The economy “could just bounce along the bottom.”
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