American Morning

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October 3rd, 2011
10:56 AM ET

Is the double-dip recession finally here?

The term 'double dip recession' is something that has been thrown around for years, but is it possible that the U.S. is finally falling back into a new recession?

The evidence is continuing to mount that we are indeed headed towards a double-dip recession. The economy is barely growing, companies aren't hiring, there's a debt crisis in the U.S. and in Europe, and companies are continuing to stockpile cash.

This morning on American Morning, Economic Cycle Research Institute's Lakshman Achuthan explains what indicators say, and why they show we might already be in a recession.

Filed under: Double-dip • Economy
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