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13September2010

No Double Dip

In an article today by CNBC, it was reported that Domique Strauss-Kahn, the managing director of the IMF (International Monetary Fund) stated a double-dip recession is unlikely. Keep in mind that Mr. Strauss-Kahn is talking from world perspective, which is good. In his comments, he stated that the U.S. stimulus strategy appears to have worked as far as heading off a potential double-dip recession. The determination of whether or not the stimulus package is as financially impactful as promised is still two quarters off.  
Posted by Doug Van Dyke on 2010-09-13 at 07:14 AM
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