"So what's going to happen?"
That's the question on the minds of most investors following a major market move or economic event. Unfortunately, there's no answer ... just opinions and educated guesses.
We've selected a few of the more notable prognostications here to give readers a sense of how the experts are lining up on the current state of the US economy, the prospect of a double-dip recession, and the markets.
"The politicians are all useless individuals. Nobody is reducing the problems in the US or Europe, just putting on a band aid and postponing the problems endlessly... The Treasury market is telling you that the economy is in recession."
“America’s recent data have been lousy: there has been little job creation, weak growth and flat consumption and manufacturing production. Housing remains depressed. Consumer, business and investor confidence has been falling, and will now fall further.”