Double-dip Recession A Possibility (W-shaped Recession)

Double-dip Recession A Possibility

Bill Gross, chief investment officer of Pacific Investment Management Co., said a double-dip recession might result in opportunities to invest in longer-term government debt. "To the extent that we have had a trillion dollars worth of stimulus, from the standpoint of deficits, and more, the government basically has to continue to do that and to add to that in order to keep the economy chugging along," he said. "To the extent that that's limited, to the extent that they pull back on some of those stimulus programs -- 'Cash for Clunkers' and those types of things -- then the double dip moves into the realm of possibility."
-CNBC