No Double Dip

by J John Swanko

07/27/10 (People Port) "Do not think a double dip is a high probability," Fed Chair Bernanke. Answered in a Senate Committee hearing 7/21/10.

The expectation is a moderate recovery. The market has had triple digit close everyday since. Our Fed has made a major effort to understand small business. They even created a new under 50 employees category (50 employees was about a big as a firm could go 150 years ago.). Their collection, recommendations, is worth the read.

The Fed sees private final demand replacing government support as this Great Recession winds down. The Fed will continue to use: Statements, Purchasing, Intervening as tools to control economic damage.

Tightening will occur as our recovery becomes self contained, forward momentum.

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