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)
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Monday, July 27, 2009
Feldstein warns of 'double-dip' recession
2009-07-27T12:22:00-04:00
Paul Deng
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