Economy on the Verge of a Double Dip Recession

David Leonhardt, NYT
If history is a guide, the odds that the American economy is falling into a double-dip recession have risen sharply in recent weeks and may even have reached 50 percent.Economies have a strong self-reinforcing nature. When people are optimistic, they spend, which begets hiring and then more spending. When people are anxious, they pull back, which leads to a cycle of hiring freezes and further anxiety that often lasts for months.

Source: http://www.realclearpolitics.com/2011/09/08/economy_on_the_verge_of_a_double_dip_recession_263067.html

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