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Monday, July 27, 2009

Feldstein warns of 'double-dip' recession

Marty 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)