Warning: Double-dip recession is rare, but it happens!!

“A double-dip recession is a downturn that technically ends, but is followed by a fleeting period of growth and another period of economic declines.

This last happened nearly three decades ago, with the economy coming out of a minor recession in early 1980 only to be followed by a far more pronounced downturn that lasted from the middle of 1981 throughout the end of 1982.

Of course, things are a bit different from the early 1980s. This recession can hardly be considered minor. So if growth resumes later this year, it’s tough to imagine how the dip would be worse than the initial plunge.

That said, the cause of another double dip could be similar. Inflation.”

“”Inflation could skyrocket by the end of the year. That could force the Fed to raise interest rates and send the economy into a double dip recession in 2010,” Pento said.

Unemployment may be bigger worry than inflation”

http://finance.yahoo.com/news/Doubledip-recession-fears-are-cnnm-2487366613.html?x=0&.v=2

The notion of a recovery is a fantasy when you don’t have a job and you are losing your home. Additionally, every time they say the economy improved then oil goes up. That alone will kill a recovery when prices for gas get over $5 again.

Related Posts:

• Economic crash: Dig into recession again as umemployment rate already hit 20%!
• Here’s a promising article: “Fed moves to drain some money out of economy” (posted on yahoo at 4:01 pm today)
• December 2009 worst month yet for survey of nation’s counties.
• The unemployment rate could hit 10.3% in Friday’s report.
• Credit card’s newest trick: 79.9 percent interest

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