double-dip

http://www.nytimes.com/imagepages/2010/08/29/weekinreview/29goodmangrphic.html?ref=weekinreview

does anyone believe the flattening out of the projected Federal Debt curve on the bottom graph, post-2010?

it changes from about an 80-deg slope to around 20 degrees!

dead cat bounce.

http://articles.latimes.com/2010/aug/27/business/la-fi-gdp-bernanke-20100828

Downward revision of GDP growth a strong signal of stalled recovery
Second-quarter economic growth was revised to an anemic 1.6%, a decline that was slightly less than many economists had predicted. But the report was a sobering cap to a week of bad economic news that has raised fears the nation could plunge into another recession. Bernanke says the Fed is ready to step in to provide additional stimulus.