Double dip news

Graham_Devon

Was looking for some cultural stimulation tonight and came across this:

http://www.guardian.co.uk/business/2010/aug/05/western-economies-braced-for-bad-us-news

Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.

Figures today showed a surprise jump in US claims for unemployment benefit to a three-month high of 479,000.

They are expected to be followed by labour market data tomorrow showing jobs were lost for the second month running in July while the unemployment rate crept back up towards 10%.

Apparently a 25% chance of a double dipping in the US, according to some bloke from somewhere called Pimco. I'll concede that a 25% chance is much much beter than a 26% chance, so it's probably actually good news.

Question is, will the US get the first dibs on a double dip?

Rochdale_Pioneers

We already have the shock horror news from the private sector that government cuts will be matched with private sector job losses. So we can expect another downturn here.

brit1234

Its the Greek default which is the scariest thing on the horizon. Then pretty much all Western Countries will double dip.

Really2

Next time you look for some cultural stimulation try the culture header instead of the business one.
http://www.guardian.co.uk/culture

Graham_Devon

Really2 wrote: »

Next time you look for some cultural stimulation try the culture header instead of business one.
http://www.guardian.co.uk/culture

**whoosh**

Cheer up fella. 75% chance it won't happen, according to the bloke for Pimco.

chucky

brit1234 wrote: »

Its the Greek default which is the scariest thing on the horizon. Then pretty much all Western Countries will double dip.

for me this is probably the best indicator of something not happening - Brit making a prediction on it...

chucky

Graham_Devon wrote: »

**whoosh**

Cheer up fella. 75% chance it won't happen, according to the bloke for Pimco.

is this not the same Pimco that said there was going to be Gilts strike and the UK was going to default....

Really2

Graham_Devon wrote: »

Cheer up fella. 75% chance it won't happen, according to the bloke for Pimco.

It was a joke GD, you need to cheer up (or get a bit more accurate with you touchpad/mouse.)

I know things are looking better when posters are talking of 25% chances of double dips in America not the UK.;)

I am sure you once said were sure we were going to get a double dip.

phil_b_2

So how to you define a double dip? Does the second dip have to equal (or thereabouts) the first? What if things just drop off a tad before rising again, has it double-dipped?

Graham_Devon

Really2 wrote: »

It was a joke GD

Was it? Oh right. Sorry.

Ha ha, he he.

I see what you mean now. Don't do it again, you'll have me cracking a rib!

Graham_Devon

chucky wrote: »

is this not the same Pimco that said there was going to be Gilts strike and the UK was going to default....

God knows. It's just some bloke who said something, and he's from Pimco. Don't know him personally and haven't studied him or nuffin.