Fears US could face double-dip recession

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Tue, 10 Aug 2010 6:10p.m.

Fears are growing that the United States is facing a double-dip recession

Fears are growing that the United States is facing a double-dip recession

Fears are growing that the United States is facing a double-dip recession – where the economy slips backwards for a second time after a short period of recovery.

In a few hours, the Federal Reserve will decide whether to pump in more money to stimulate growth – a move which could set alarm bells ringing around the world.

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11 Aug 2010 08:08a.m.

V wrote:

The first bailout went where...If the MSM say's it went to the small business and struggling manufacturing sector THEY ARE LIARS. The truth is the FED would not say where the $500 billion went... certainly not into the economy.IT's a BIG CON.

10 Aug 2010 08:41p.m.

Geoff wrote:

The Feds got a problem....0% to .25% overnight rate for 18 months (whens THAT ever happened before ?!?) and housing looks like going off a cliff again, along with commercial,record numbers on food stamps,with the attendant unemployment,a looming maturity wall of rollover debt at all levels...even sovergin!There never was a recovery...you throw $1.5 trillion at an economy and you get a "gasp"...not a resumption of life sustaining breathing. Bernanke will throw money at this for sure,he has no choice.And you are spot on..."– a move which could set alarm bells ringing around the world."The currency crisis enters phase two...!