Double Dip? New Normal? No Fun Either Way: Frank Aquila

As Federal Reserve Chairman Ben Bernanke told Congress on July 21, "the economic outlook remains unusually uncertain." The shallow U.S. recovery has left investors, consumers, and business executives all asking whether we are headed for yet another recession. Not since George Costanza was caught placing his chip in the salsa bowl a second time in a classic Seinfeld episode—sparking a brawl with his girlfriend's brother in the process—have Americans been so focused on a "double dip."

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