Double Dip?
Oct 15th, 2009 by David Anderson
The Fed minutes are not optimistic even though the Dow has finally recovered to 2/3’s of its value from 2 years ago. Now we see that dealing with the housing crisis is causing more problems as foreclosures reach a record. Energy prices are climbing. The labor market is weak. The CBO predicted that so called climate change legislation will cut GDP growth and kill jobs. We are heading the wrong direction and the recovery could die a crib death.
“…even though the Dow has finally recovered to 2/3’s of its value from 2 years ago.”..minus the amount the dollar has fallen during the same period.