Dr. Doom has nailed it in laying out the case for just how weak this recovery is likely to be -- and the fact that it'll be U-shaped, maybe even W-shaped as in a "double-dip" or second contraction.
According to the Reuters article linked above a "combination of rising oil prices, rising public debt and increases in real interest rates, rising concerns about inflation and the expiration of a number of tax cuts in the United States" -- in short, government action and its consequences -- could make a mockery of the current speculation of a recovery.
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