The Economy: Double-Dip or Mixed Results?

Friday, August 27, 2010

Traders work on the floor during afternoon trading at the New York Stock Exchange. (Spencer Platt/Getty)

Federal Reserve chairman, Ben Bernanke speaks today at an annual Federal Reserve Bank of Kansas City economic symposium in Jackson Hole, Wyoming. What will Bernanke say about where our economy stands, in light of some recent grim numbers we've received this summer? And do we face a real threat of a "double-dip recession?"

Duke economist Mike Munger says we may not be in an actual recession at the moment, "but thinking it makes it so."  Munger says, the GDP may be steady but, to people born since 1980, "flat is the new down."


Mike Munger

Produced by:

Amanda Moore

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