Granted, investors have more to fear than fear itself. But based on the disconnect between market performance and recent economic data, fears of another recession look to be overblown, says Jeffrey Kleintop, chief market strategist at LPL Financial.This video best depicted America pre recession:
One survey of economists puts the odds of recession at 25 percent. The debt and equity markets appear even more unnerved by the possibility of a double dip. Yet the latest data don’t jibe with such high levels of anxiety, Kleintop says in his latest note to clients. Read more
Tuesday, August 23, 2011
Another Recession? Unlikely
You wouldn't know it from the media reports but another recession is unlikely. I'm sure republicans have a lot to do with spinning economic news. The worse the economy, they figure, the better for them. Of course, for some people, it doesn't feel like we're in any kind of recovery. A lot of people were slammed because they had been living off credit cards and were deep in debt, so when they lost their home equity and their jobs, they didn't have much to fall back on. And for those without much to start, they're always are on the frontlines of a recession -- first to feel it, last to recover.
Posted by Olga at 8:15 AM