WOULD YOU LIKE A SINGLE OR A DOUBLE?

with most things, anytime you can get two of them you are happy. one scoop or two? a single or a double? one lump or two? two for the price of one. except when it comes to recessions, thank you. yet, with the latest reading of the employment report, it seems fairly clear to me that the economy has started the next leg down in what will turn into a double dip recession. YIKES!

the words not out yet, so you are one of the first to know. but i'm sure over the next few weeks, it will become more clear to all the polyannas out there, that regardless of how fundamentally sound and strong our economy is, we too can fall into economic downturns that last longer than we want.

and even with all the FED jiggering and jaw boning, no longer can the financial mechanics fix what they admittedly couldnt prevent or recognize while it was happening. the equity market bubble and its devastating aftermath. only time and economic 'cleansing' can resolve our current situation.

the good news is, one dip is behind us and we are about 3 years into the correction process. we can only hope that means its more than halfway over. the bad news is, the second dip is staring us right in the face and it could be worse than the first dip. lets hope not. if it is, we will all be having more singles of everthing we like.

have a grateful day!

larry