Comments on: Zirp and the double dip http://blogs.reuters.com/felix-salmon/2010/07/08/zirp-and-the-double-dip/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/07/08/zirp-and-the-double-dip/comment-page-1/#comment-16533 Thu, 08 Jul 2010 21:01:57 +0000 http://blogs.reuters.com/felix-salmon/?p=4616#comment-16533 Or … Paul the Octopus could be asked, for much higher odds of accuracy.

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By: ottorock http://blogs.reuters.com/felix-salmon/2010/07/08/zirp-and-the-double-dip/comment-page-1/#comment-16517 Thu, 08 Jul 2010 16:04:46 +0000 http://blogs.reuters.com/felix-salmon/?p=4616#comment-16517 “…..if we were really headed for a recession, he says, the yield curve would be inverted. But you can’t have an inverted yield curve when the Fed sets short rates at zero. Therefore, we won’t have a double dip…..”

In the Peru/Bolivia altiplano region around Lake Titicaca, people know that just before a heavy storm all the frogs begin to croak. So if the wet season rains are late in arriving, the shamans and such gather together a few frogs and make them croak. This, according to the mystics, brings the rain.

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By: dsquared http://blogs.reuters.com/felix-salmon/2010/07/08/zirp-and-the-double-dip/comment-page-1/#comment-16516 Thu, 08 Jul 2010 15:28:46 +0000 http://blogs.reuters.com/felix-salmon/?p=4616#comment-16516 [Ip concedes that Japan provides an obvious counterexample of a country which had a recession and Zirp at the same time]

If he concedes this, he does so incorrectly. Japan never had three consecutive quarters of negative growth throughout the 1990s. It had a long period of stagnation in the “lost decade”.

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By: yr2009 http://blogs.reuters.com/felix-salmon/2010/07/08/zirp-and-the-double-dip/comment-page-1/#comment-16515 Thu, 08 Jul 2010 15:05:26 +0000 http://blogs.reuters.com/felix-salmon/?p=4616#comment-16515 Felix,

Americans face a number of key issues, including jobs (or lack thereof):
1/4 of home owners are underwater, and the number of bankruptcy filings is continuously rising. This means that Americans are less likely to come back as the big consumers they used to be.

Many small businesses had to close, or are facing an impossibility to go on because they can no longer rely on credit from the banks. The owners of those businesses may not necessarily join the ranks of officially unemployed, but still – they are unemployed, and can’t spend what they used to.

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