If ever there was a reason to worry about a “double-dip” recession, here it is: according to Reuter’s, “Few economists see a double-dip recession as a credible threat right now.”
Let us not forget that a couple of years ago, “few economists” saw a severe bear market that would lop more than 70% off the Nasdaq as a credible threat. Even fewer saw a coordinated global economic slowdown as a credible threat. And how many envisioned the possibility of a U.S. recession? Perhaps a handful. All the others failed to notice the “credible threat” which saw S&P 500 profits post their biggest decline in history.
If there is any “credible threat” out there, it’s the threat to your investment funds posed by listening to the opinions of major news agencies and economists.