Thursday, June 24, 2010

Double-Dip Recession Fears Putting Scare Back in Market

I hope this is wrong:

Double-Dip Recession Fears Putting Scare Back in Market - Yahoo! Finance: "Few if any economists these days are forecasting a strong economy by historical standards. Estimates for gains in gross domestic product through the end of the year generally reside in the 2 percent to 4 percent range.

But some analysts see things even worse, and comparisons to the economy of 1930 are getting increasingly common.

Zimmerman said the stock market drops and rallies are much like those after the 1929 crash, and the economy was showing many of the same tendencies during both time periods, with diminishing commodity and rail car loadings figures signaling the impending full-fledged Depression much like prices are trending currently."

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