"On the balance of probabilities it seems that, in at least one quarter in the next three, US GDP will record a quarter-on-quarter decline. Such a development would excite talk of a 'double-dip' recession. But it should, more accurately, be interpreted as evidence of an economy in depression."
SHOOT: No one has dared use the 'D' word...until now. Of course energy prices [at a premium] have driven and will continue to drive world economies to ruin. A new system has to be derived, one that does not involve growth or fossil fuels.
The possibility of an investment-led recovery is not the only reason to be cheerful cited by bulls on Wall Street.