[quote=sdduuuude][quote=sdduuuude]The concept of a double recession is in my mind lately, with the stock market bounce, plenty of real estate shoppers, and housing starts up.
Maybe we’ll pull out of this one late 2009, flounder for a bit, then back into the hole a year later.[/quote]
This is looking more and more likely to me. Lots of bloggers out there mentioning L-shaped bottoms, double-recessions and jobless recoveries that lead to another leg down. Just as we hear official word that we pulled out of the current recession, we may already be in another one.[/quote]
I agree – this is likely a double recession or L shaped one.
But I think you jumped the gun on saying the official word is out that the recession is over. That’s the territory of the NBER – and they won’t weigh in for a while. Officially, we’re still in it. http://wwwdev.nber.org/cycles/cyclesmain.html
