Double Dip Recession on the way?

Double Dip recession coming?

Gary Shilling while interviewed on CNBC, says double dip recession possibility is at least 50% chance and growing based on the European debt crises, US stimulus is running out, the inventory cycle is unwinding, tax credits are over, housing is going back in the tank, consumer spending is weak, jobs are not picking up and Asia is in a big stop.

Paul Krugman, who was not a believer in the Double Dip theory, seems to be rethinking his position as he sees stimulus max out it’s effect on GDP and issues in manufacturing http://krugman.blogs.nytimes.com/2009/12/01/double-dip-warning

Nouriel Roubini is famous for being negative about our recovery and he has been right. http://www.economicpolicyjournal.com/2010/03/beware-of-double-dip-recession.html

I have been talking about a W curve for sometime and if you read Venture capitalist and co-founder of CREDAA, Warren Samek’s, recent blogs you will see his take on the markets and recovery.

To hear more about this you can check out Bob Schecter and myself discuss this issue on Networking Fools at Blogtalk Radio http://tobtr.com/s/1130139

JW Najarian
www.CREDAA.com
www.CREPIG.com