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January 05, 2010

Henry Blodget: Don't worry, be happy, no "double-dip" recession has ever happened before

Whistling past the graveyard...

The market got off to a great start in 2010 on the back of yesterday's strong economic numbers. But that hasn't stopped a loud minority of economists from worrying about a "double-dip."...

...Anything's possible, but a double-dip recession is unlikely, says our guest Chris Rupkey, chief economist at the Bank of Tokyo-Mitsubishi...

...There's plenty to lose sleep over, Rupkey says, but a double-dip is unlikely. Barring external shocks and policy errors, economies just don't behave that way...

The Obama/Pelosi/Reid insane clown posse could NEVER EVER make any disastrous economic "policy errors", right? Not possible. Inconceivable. Unthinkable. Wildly improbable. Chances are vanishingly close to zero, right? Right. Its just flat out crazy talk to even suggest it.


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posted by Purp at 10:50 AM

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