Fear of a Double Dip Recession

As the world is recovering from one its worst recessions of all time, there is a fear that lingers amongst the world's leading economies. The fear that the economy will slide back down into a double dip recession. With unemployment at double digits and bank lending at its lowest in over 7o years, consumer demand has dropped greatly. If things don't start to look better, then the economy could possibly take a sharp downturn.

In response to this fear, Federal Reserve Chairman Ben Bernanke assured investors that the central bank will continue to keep interst rates low. However, the truth is Europe's economy is going on a downward spiral, Japan's economy is not fairing well either, and China is starting to yield bank lending. This does not help our situation because investor's might start worry if the US's economy can be trusted to safely invest in. If this happens then a double dip recession is inevitable.

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