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International Law

: Transnational Law Blog

Behind President Obama?s Warning of ?Double Dip? Danger

By John Dermody, Travis Hodgkins, and Nema Milaninia

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Today, in an interview with Fox News in Beijing, President Obama warned that ?the US economy could head into a ?double-dip recession? unless urgent steps were taken to rein back America?s mounting level of public debt,? reported the Financial Times. Speculation about a double dipping, also known as W shape economy, has been on going among academics ever since the US economy showed signs of recovery. I have long been argued that there will be a U shape recovery- a sluggish recovery but not another recession- and 2010 will be an adjustment period where real recovery will occur closer toward...

Full post as published by Transnational Law Blog on November 18, 2009 (boomark / email).

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