No, we’re not talking about salsa or hummus, we’re talking about the economy!
Over the past week, a number of factors have led to increased speculation of a “double dip” recession.
Anxiety over jobs, a slow growing GDP, and a first-time downgrade in the U.S.’s credit rating are all contributing to fears of the economy slipping back in to a recession.
On Friday, Standard & Poor’s lowering of the country’s top-level credit rating led Christina Romer, former Chair of Obama’s Council of Economic Advisers, to describe America’s future with some less than savory terms.
Pretty darn f#&%ed”
She may be pretty darn right..