According to some folks interviewed by Bloomberry, a double dip is not likely in large part because things are already terrible and it has not happened yet.
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aXNpH2TK4EJI&pos=1
While I see their point, they seem to ignoring the fact that we are just now weaning ourselves off of trillions in government stimulus, which is the only thing that brought us out of a recession in the first place. Without trillions more a double dip is certainly a possibility and I do not see the government going that extreme with more stimulus. The amazing part is the bounce from the last recession was so anemic despite the government pouring trillions into the system. Accordingly, I am of the mind a double dip (which is really dependent on how you define things as I do not think we ever came out of the recession) is not only possible but likely.
Disclosures: None.
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