double-dip recession

The experts weigh in.

Pimco manages $850 Billion in investment. Their CEO, Mohamed El-Erian, sees a 50% chance of a double-dip in 2010.

NYU economist Nouriel Roubini sees a small but rising probability for another dip.

Pimco Chief Investment Officer Bill Gross sees the possibility rising if the government pulls back too swiftly on stimulus programs.

We'll have to eventually pay for all this stimulus money. But if you crank taxes up, you discourage growth. Don't crank up taxes fast enough and the US dollar is worthless in 10 years. It's a precarious high wire act with a hungry bloodthirsty lion at each end of the line.

Richard Rahn of the Cato Institute breaks it down very clearly:

"As interest rates rise, as they must, and international commodity and other prices rise as the global economy recovers, real, after-tax, inflation and tax-adjusted disposable incomes will continue to fall. This means real consumption can rise temporarily but will likely fall again, giving the United States a double-dip recession."

Welcome to your lost decade, America.

CNBC, a leading whorish cheerleader for Conspicuous Greed has a completely different take; one filled with gumdrop wishes and endless wealth that can be found at the end of the rainbow. There you'll find wads of C-notes flowing from the golden star-hole of a Magical Unicorn's anus.

Here's some CNBC video. Let's see what steps out of the Clown Car: