….Most economists believe a dip back into recession — as well as an equally debilitating bout of deflation, or broadly falling prices — will be avoided. But many have nonetheless warned that the prospects are rising, and say the more probable scenario isn’t much more appealing: a protracted economic malaise with imperceptible growth and stubbornly high joblessness.
“We are mired in a jobless recovery, and the government has run out of ammunition to help out the economy,”said Sung Won Sohn, an economics professor at Cal State Channel Islands. “The current situation doesn’t look very good….”
Although I certainly can’t predict whether we’ll have a another recession, these reports bolster views that I expressed yesterday when posting about David Rosenberg’s assessment that odds of another recession (soon) were greater than 50/50:
It’s telling that no major analyst seems to be predicting better times soon.
For the post on Rosenberg’s assessment, see Analyst: Odds of Double Dip Recession Higher Than 50-50.
Via U.S. economy: Fears rise as disappointing figures pile up – latimes.com.