10 Signs The Double-Dip Recession Has Begun: 24/7 Wall St.

24/7 Wall St.:

Today’s news on GDP shows the double dip has arrived–an expansion of only 1.3% and consumer spending up .1% in the second quarter. Astonishingly low by any account.. The debt ceiling trouble and lack of a longer term resolution to the deficit will make it worse.

Read the whole story: 24/7 Wall St.

Comments

[muck-raker]

08:04 AM on 08/02/2011

"President Jefferson the American People need your help" 3 min

after QE3 is enacted the public will need a wheelbarrow full of Fiat dollars to buy a loaf of bread and a tin of sardines(or whatever else you fancy)

http://www.youtube.com/watch?v=u8IV4q9IP3g&feature=related

[kokobell616]

07:24 PM on 08/01/2011

Take stock in what is around you this day. See what your neighbors are doing for fun, or fancy. In the next year about this time take notice again of your surroundings. New cars, new lawn mowers, new bicycles, new appliances, new neighbors ?

I cringe for America

I hope for American citizens

[sugarpops]

12:13 PM on 08/01/2011

Time for a redistribution of wealth.

[akrazyrunner]

12:10 PM on 08/01/2011

They forgot #11 - The Republicans control the House

[MNTom]

11:18 AM on 08/01/2011

How can it be a double dip when we never got out of the first one to begin with. Now please call it what it is a Depression.

[seawolf77]

11:10 AM on 08/01/2011

It's the ole double whammy. All the people who used to build houses are unemployed becasue the housing market collapsed.

[ThoughtShaman]

11:06 AM on 08/01/2011

To most people, the recession never ended. So, forget about the double-dip - the original one still carries on.

[Miss Muffett]

10:27 AM on 08/01/2011

I think it's reasonable to suggest that we can all panic now. Its bad enough when EITHER the housing market has trouble OR there are high unemployment numbers, but if we can really accumulate a list of 10 reasons why we're doomed and they're all extraordinarilly serious matters, we're so effed. It's really simply a matter of time, waiting for the straw that will break the camel's back.

[Thumbody]

10:03 AM on 08/01/2011

when you can't pay attention the double dip is on

[doneflyin]

09:23 AM on 08/01/2011

I don't need economic experts to tell me if we're in a recession or not. I just look around my own little bailiwick.
I know dozens of people still unemployed or under employed. That includes one of my best friends whose brother will lose his job in another week. Both these men are highly qualified workers, college educated and degreed, with good work records. One's in manufacturing, the other in management.Both have been actively looking for work. Nothing.
This past week my next door neighbor was removed from his home. That makes number 5 in a radius of 4 blocks of my neighborhood to lose their homes in the last 2 years. It's been due to bankruptcy, job loss and not being able to make their living expenses.

The politicos and experts can prattle on all they want about deficits and spending. The number one problem in America is lack of jobs and all that goes with it.
Too many people, not enough work and not enough work that pays a living wage.

And there you have it.

[Tigerama]

09:10 AM on 08/01/2011

"Come to our web site - so we can send you to another web site."

[Jon Jony]

08:13 AM on 08/01/2011

"10 signs that the double dip recession has begun"

I don't get it. The article is nothing more than an advertisement for an investment letter. Geez. Seriously Huffpo can do better than that.

[fineartgalaxy]

08:07 AM on 08/01/2011

The double dip recession was born the minute we all bought the idea that the country is better off being run as an efficient, money making corporation.

[Peter007]

07:52 AM on 08/01/2011

The economy began to tank about 10 years ago. The foundation of the slow down began about 30 years ago.

Ten years ago, excess money was pumped into the housing market which gave a false sense of prosperity. It was all borrowed money. The stimulus and quantitative easing ( printing money ) that Obama promoted continued the borrowing at a different level. The country owes 15 Trillion. That means $15 Trillion needs to be taken out of economic activity in the near future. We all know how $100 billion/ yr in war costs feel. It's like having the average family get hit with a 1 million dollar judgement.

[greyhound2]

09:53 AM on 08/01/2011

The economy began to tank when Nixon took the dollar off the gold standard with the new backing being the trust and faith of the American government.

[Stevealmi]

07:29 AM on 08/01/2011

Funny that we could have inflation during a recession. It couldn't be that big money has left the stock market and ran the price up on every major commodity anticipating or even inviting a downturn.