Wednesday, August 25, 2010

Double Dip Is Okay In Ice Cream

Here's a strange headline:
Regardless of numbers, it feels like a recession

More bad housing, hiring data show an economy that may be faltering
It seems strange to me because I keep hearing about bad numbers.

I guess the "good number" is that GDP went up.

If GDP goes down again, is it a new recession, or a roller coaster continuation of the last one?
"Who cares if it's a second recession or a double-dip?" said William Dunkelberg, an economics professor at Temple University's School of Business and Management and chief economist of the National Federation of Independent Business. "Either way, things are not going well."
Is it a double dip
or just a brand new slip
into a downward fall?

That doesn't matter at all.

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