Talk to the banking and brokerages types with bullish leanings and they’ll tell you in no uncertain terms that you’ve got to be bonkers to pay heed to anyone forecasting a double-dip recession.
Those who rule out a double dip generally insist the economy is on the upswing and that two biggest economic worries — the housing bust and high unemployment — will take a decided turn for the better before year end. They also seem to share the thinking of former Federal Reserve Chief Alan Greenspan, who argues that a double dip is unlikely. "Economic momentum is building up, it’s just beginning, and it has a long way to go," he has stated.
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