Ugly Forecast: We Are Headed Toward a Double Dip
[Its current forecast is] chilling: as bad as the economy has been, it’s about to get worse. … ‘If the United States isn’t already in a recession now it’s about to enter one,’ says Lakshman Achuthan, … chief operations officer … ‘I wouldn’t be surprised if [the unemployment rate] goes back up into double digits’ … Achuthan … says … gross domestic product rate is likely to go negative by the first quarter of 2012.”
Small business is the engine of job creation and economic growth and small businesses are hurting.
I heard on the news that median income is now lower than before the recession.
The income loss since the recession has been greater than during the recession.
I am really curious as to how inflation and the strength of the American dollar are going to affect the serverity of this coming recession.