DJ MARKET TALK: No Double Dip Here
7/6/2010 9:54:00 PM
9:54 (Dow Jones) Time to put the double-dip worries to bed. "I continue to see an economy that is growing, albeit significantly more slowly than we would have wanted," UC San Diego economics professor James Hamilton says. Deep downturns are usually followed by sharp recoveries. The difference now, Hamilton notes, is it's tougher to recover from a credit crisis. "Two key drivers of many postwar recession recoveries -- lower rates from the Fed and resurgence in the housing sector -- are not going to help us this time," Hamilton says. "What I'm still seeing is what I had been expecting and what I continue to expect for the rest of this year -- weak growth, but growth nonetheless."
