Seeking Alpha

NY Fed chief Dudley tells a crowd at the University of Albany the risks of a double dip...

NY Fed chief Dudley tells a crowd at the University of Albany the risks of a double dip recession have dropped significantly (because we never left?), but that growth remains too slow to put a dent in unemployment. He believes the current run of positive economic data is more than likely a bounce from transitory factors. (Dudley yesterday)
Comments (5)
  • "the risks of a double dip recession have dropped significantly (because we never left?)"

     

    Correct call by the conscientious copywriter.

     

    A unionized employee in the government sector would notice neither growth nor decline--their jobs are protected and the worst they have to face is an occasional increase in the cost of one of their co-pays. A master carpenter is suffering through a long depression and hardly needs to worry about a "double-dip." Together they make up the low-growth economy with a GDP that grows every year.

     

    "It takes a long time to turn master carpenters into grief counselors at the middle school."
    -- Yogi Hoover
    18 Nov 2011, 09:26 AM Reply Like
  • Double Dip Recession Definition: When gross domestic product (http://bit.ly/rxmtrP) growth slides back to negative after a quarter or two of positive growth.

     

    Yes, I would agree that a "double dip" isn't likely, at this point. Way to go out on a limb.
    18 Nov 2011, 09:43 AM Reply Like
  • These people are paid liars. You will never get the truth from anybody from the Fed or the Treasury. Their job is to deceive you and placate you so they can rob you without you noticing.
    18 Nov 2011, 10:12 AM Reply Like
  • I still think its a very real possibility. High oil prices, a real estate market that is still on the ropes, high unemployment, budget issues in Washington and European debt issues tells me there is more of a risk of a double dip than not. Unfortunately these issues will not be corrected over night with the same remedy of monetizing. These are the same fools that had models built saying subprime would not effect the general economy. Still a good chance!
    18 Nov 2011, 10:17 AM Reply Like
  • Alarming. I have learned to parse these bureaucrats words carefully. Notice the last sentence'....current run of positive economic data is more than likely a bounce from transitory factors.' I interpret that to mean less favorable economic news ahead. Perhaps all that stimulus is/has filtered through with disappointing 'organic' growth forthcoming. Strap in next week, but enjoy the week-end!!
    18 Nov 2011, 04:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)