The best way to predict a double dip recession is to invent it
Which is exactly what the rentiers who own our political system have decided to do. George Soros in Der Spiegel:
[I]f a double-dip recession was in doubt a few weeks ago, it is less in doubt now, because financial markets [rentiers*] have a very safe way of predicting the future. They cause it. And the markets have decided that America is going to see a recession, particularly after the recent downgrade of the US by the rating agency Standard & Poor's.**
Hey. Poor Obama, you've almost got to pity the man; Big Money has had his nuts in a jar for a long time. And now they're going to smash the jar.
What a shame.
NOTE * Since "the market" is rigged.
NOTE ** Not that Soros would talk his book.