There has been a lot of talk about a double-dip recession recently: how to define it, and what it means. What is missing from these discussions is the most obvious question of all: why won't the economy recover?
If you are already nervous about what's to come for the economy, following the press on this issue will only exacerbate your anxiety. And if you aren't anxious yet, you will be soon if you keep reading.
The job numbers show that, in the short term, we need more stimulus -- especially extended unemployment benefits and aid to state and local governments. But the deficit crazies in the Senate last week shot that down.
As long as government continues to hog most of the available credit, it's going to be increasingly difficult--and sometimes nearly impossible--for most businesses and consumers to get their share of much needed funds.
Over the past month or so, talk of a double-dip recession has all but disappeared. But I've come across a trio of sharp economists who argue it's too soon to come to such a happy conclusion. Each, in fact, holds the view one could be looming on the horizon.