GOING BEYOND
7.15.2010
Prepare your portfolio for a double dip
Everything's slowing down. US shoppers aren't buying as much stuff. China's expansion is easing up. The Federal Reserve is already getting a little bit twitchy, cutting its growth forecast for the US economy. We're still not heading for a double dip, according to most pundits. But we're getting closer. And as David Rosenberg of Gluskin Sheff points out, "these same double-dip deniers never saw the recession coming in 2007 to begin with."
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