Sep 1, 2010

James Altucher on bullish Q2 2010 GDP growth

It was positive. Certainly 1.6% growth is better than negative growth. We've now had 4 quarters in a row of positive GDP growth. Clearly we are not in a recession. Are we heading for a double-dip? I doubt it.

~ James Altucher, partner, Baytree Capital, "Seven Reasons Why There Is No Double Dip," SeekingAlpha.com, September 1st, 2010

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