Oct 29, 2010

Abby Joseph Cohen on the rarity of double-dips

Our sense is that a double-dip, while it can't be ruled out, is extremely unlikely. First of all, they don't happen that often and the last time one did happen a few decades ago, it was a conscious, policy decision by Paul Volcker to really squeeze inflation out of the system. Our sense is that we're in for a period of slow growth but not another recession. So, double-dip, not the most likely scenario.

~Abby Joseph Cohen, president and senior investment strategist of Global Markets Institute, Goldman Sachs, CNBC, September 16th, 2010

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