Double Dip? Seven Reasons Why Not

Milton Ezrati offers seven reasons why the Double-Dip scenario is unlikely.

1. The Consumer Seems Firm Enough
2. Housing Data Are Misleading on Two Sides
3. Business Spending and Exports Are Awfully Strong for a Dip
4. Overall Production Levels Look Fairly Good, Too
5. Employment Does Not Look Threatening, Either
6. Financial Markets Are Healthier Than the Headlines Imply
7. China Continues to Grow

Nouriel Roubini recommended: "Fasten your seat belts for the very bumpy ride"

"as the optimists' delusional hopes for a rapid V-shaped recovery evaporate, the advanced world will be at best in a long U-shaped recovery, which in some cases – the eurozone and Japan – may be long enough to stretch into an L-shaped near-depression. Avoiding double dip recession will be difficult."

"[R]ecovery in emerging markets - the great hope for the global economy - will suffer, because no country is an island economically. Indeed, growth in many emerging-markets - starting with China - is highly dependent on retrenching advanced economies."