The Economist (August 27)
2011/ 08/ 28 by jd in Global News
The U.S. economy is missing the usual drivers of an economic recovery, but it is equally missing the usual triggers of a recession. Whether the U.S. double dips or not will depend on the generally competent Fed, an unpredictable Congress and quite a bit on luck. In the end, there may be little difference between weak growth and a weak recession. “Although the absence of obvious imbalances or financial strains does not eliminate the risk of recession in America, it does militate against a long, deep downturn. Indeed, it may be hard for most people to distinguish a shallow recession from lacklustre growth.”
