Page 26 - Peter Coy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Up. the unemployment rate is already as we said, 9.5. we are expecting that the new numbers will be like 9.6%. >> peter, do you get a sense that it is the housing sector of our economy that is the only thing that can prevent us from having a double dip? is it that that has to get stronger? >> it's that and the consumer needs to come on strong. business spending has been not too bad and certainly the government has been spending a lot. the problem is that the government spending is starting to dial back now that the stimulus is running out of steam. businesses have spent heavily, but may start ...

Unemployment report. the national rate was 9.5% in june. this after a week we got with a key indicator showing it is growing at a sluggish 2.4%. joining me now is peter coy. good morning. we want to start with the report on economic growth. less than congress had expected. what is your take? i want to make sure you had your microphone on. >> alan greenspan, the former federal reserve chairman was on "meet the press" this morning and said we are not only having slow recovery, but a pause in the recovery. he called it a quasi-recession. he was asked might we have a double dip recession and he sa...