The idea of a “Double Dip” in the current case is kind of silly, because we have never really gotten out of the “First Dip.” The terminology may be arguable, but I don’t think the reality is.
We have been either destroying our future or standing by and watching while others got away with economic mayhem and it looks like the time is running out to fix it before there is real, serious trouble.
Johnson makes a major point about instability in Europe and the Mid East. These are serious concerns. He also mentions housing. It is hard to see how the economy as a whole will improve before the banks are forced to eat crow and foreclose the housing inventory which will cause a short term blow up-one that is inevitable and will only get worse until it is taken seriously.