Page 41 - Double Dip News Today

Record levels. >> reporter: so growth in the second quarter was 2%. many analysts expect that to be revised downward to 2%. no one is saying a double dip recession is a certainty, but most say the economy is definitely slowing down and the possibility of a double dip is getting greater. shannon: is there a consensus on why the economy isnt doing better? >> there are a lot of factors. you mentioned one of them. home builders confidence has declined for the third month in the row. in part because ...

Welcome to you both. >> thank you very much. >> thank you. >> bret: we look at the numbers. the federal reserve in a statement about the economy this past week said this "the pace of recovery and output in employment slowed in recent months." while it still expects the economy to grow the improvement will be more modest in the near term than had been anticipated. and then we had junes trade deficit numbers shot up 18.8% to $49.9 billion. much higher than expected. the highest since october of 20...

I do think given how profitable businesses are, given how much cash they have on their balance sheet, given some other things that are going right for the economy i think we will make our way through without a double dip recession. >> bret: liz? >> im glad you brought up a couple of things like the trade deficit. while that was discouraging, definitely not looking good, we have had 11 recessions since the world war ii end and only one double dip. these are very, very rare. however, there are all...

Three. i do think given how profitable businesses are, given how much cash they have on their balance sheet, given some other things that are going right for the economy i think we will make our way through without a double dip recession. >> bret: liz? >> im glad you brought up a couple of things like the trade deficit. while that was discouraging, definitely not looking good, we have had 11 recessions since the world war ii end and only one double dip. these are very, very rare. however, there ...

Three. i do think given how profitable businesses are, given how much cash they have on their balance sheet, given some other things that are going right for the economy i think we will make our way through without a double dip recession. >> bret: liz? >> im glad you brought up a couple of things like the trade deficit. while that was discouraging, definitely not looking good, we have had 11 recessions since the world war ii end and only one double dip. these are very, very rare. however, there ...

Welcome to you both. >> thank you very much. >> thank you. >> bret: we look at the numbers. the federal reserve in a statement about the economy this past week said this "the pace of recovery and output in employment slowed in recent months." while it still expects the economy to grow the improvement will be more modest in the near term than had been anticipated. and then we had junes trade deficit numbers shot up 18.8% to $49.9 billion. much higher than expected. the highest since october of 20...

Welcome to you both. >> thank you very much. >> thank you. >> bret: we look at the numbers. the federal reserve in a statement about the economy this past week said this "the pace of recovery and output in employment slowed in recent months." while it still expects the economy to grow the improvement will be more modest in the near term than had been anticipated. and then we had junes trade deficit numbers shot up 18.8% to $49.9 billion. much higher than expected. the highest since october of 20...

Agenda that so appealed both to the conservative and center that he created a new class of voters called the reagan democrats. >> while his approval ratings are hitting all time lows and robert gibbs today said we are -- come november well talk about all the progress weve made over the past a teen months. on a daily basis the numbers show there is no improvement in the economy. trade deficit widened to highest level in two years and the year. >> sean: economists are saying that the economy is ev...

Were looking at. >> thats exactly what it is, it takes the last four weeks and averages it. take a look at that line and i want to show you something. when you come back to us, heres the exact same chart, the same chart you were looking at before, here it is, but heres whats important. see that end? thats where we are now. after that what happens when i flip this over. know what this is? this is the recession, the dip, the economic dip, and a lot of the economists are calling for double-dip? tak...

You can see theres a lot of damage to the outside of the building. dont know about any casualties at this point. >> well continue to follow that. meantime, a lot of people are waking up saying that this is what a recovery looks like? think again. theres been some rough economic news and yesterday it sent stocks into the red for the year. a new "wall street journal"/nbc poll shows nearly two-thirds of americans believe that the economy has not yet reached rock bottom. here to talk about it is...