The U.S. economy has officially been out of recession for two years,
but fear of falling back into the abyss has dogged the recovery every step of the way.
Now, the prospect of recession no longer is a fringe view.
================================================================================
"Recession is not inevitable, but I think there's better than a 50-50 chance now,"
said Bill Gross,the investment chief at bond-fund giant Pimco.
===========================================================================
President Obama says: "I don't think we're in danger of another recession,
but we are in danger of not having a recovery that's fast enough to deal with
what is a genuine unemployment crisis for a whole lot of folks out there."
===============================================================================
Morgan Stanley cut its forecast for world growth, re-igniting fears of a
double-dip recession.
No comments:
Post a Comment