Feldstein warns of ‘double-dip’ recession
Posted in Uncategorized on July 27th, 2009 by Paul Deng – Be the first to commentMarty Feldstain says it's likely the economy will be dragged down again in the fourth quarter. He made a very good point that recovery from inventory buildup does not necessarily mean consumer demand will be bouncing back. In other words, after a huge debt bubble, there is simply not enough demand out there to sustain the recovery.
Link to video (source: Bloomberg)
