Double-dip recession likely

[Caesar]

"SINGAPORE: Nouriel Roubini, the New York University professor who predicted the financial crisis, said the chance of a double-dip recession is increasing because of risks related to ending global monetary and fiscal stimulus.

The global economy will bottom out in the second half of 2009, Roubini wrote in a Financial Times commentary on Monday. The recession in the US, the UK, and some European countries will not be “formally over” before the end of the year, while the recovery has started in nations such as China, France, Germany, Australia and Japan, he said.

Governments around the world have pledged about $2 trillion in stimulus measures amid the worst worldwide recession since the Great Depression. Federal Reserve chairman Ben S. Bernanke and other global policy makers have cautioned that the recovery is likely to be muted, indicating they would not soon remove all the stimulus injected into the financial system."

Source and full article

I have read a few economist who believe there will be a double-dip recession. does anyone else think there will be one and what effect will this have on Obama?

[churchanddestroy]

Historically, if you look at recessions, of which there have been many in the past 50 years alone, you'll find something interesting. In cases where there was a recession, and the government did not interfere much, and instead swallowed the bitter pill and took what was coming, when the recession ended growth was rapid. In cases where the government interfered, recovery was muted and took a very very long time.

My dad is a stock broker, and he laments the stimulus bill on a regular basis. He saw the housing bubble coming a mile off. I was working with a construction company during the boom, and he told me that I'd probably be looking for a new job, and sure enough he was right, the company sank, and I had to find a new job. He's an intelligent investor and does his research, so I'm more likely to trust him than anyone else. He fears that the worst is yet to come, that the stimulus is only masking a looming downturn in economic affairs.

I hope he's wrong.

[Startraveler]

Historically, if you look at recessions, of which there have been many in the past 50 years alone, you'll find something interesting. In cases where there was a recession, and the government did not interfere much, and instead swallowed the bitter pill and took what was coming, when the recession ended growth was rapid. In cases where the government interfered, recovery was muted and took a very very long time.

Examples?

[churchanddestroy]

Examples?

I'll get right on that whenever my dad comes home.