Wednesday, June 15, 2011

Double Dip?


For those worried about a double dip recession, well there is good news...and bad. The good news is that it would probably take a significant shock to knock the economy off course. The bad news it that in this current environment, there are a lot of possible shocks. Most economist feel the economy will right itself. They argue that the recent rough patch is temporary and due to three things:

1. Supply-chain disruptions caused by the earthquake and tsunami in Japan
2. Severe weather and flooding in the Southeast and Midwest
3. The recent ease of high gasoline prices

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