This is What a Double-Dip Recession Looks Like

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Still on the fence as to whether the United States is in a double-dip recession?
Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010. The National Index hit a new recession low with the first quarter’s data and posted an annual decline of 5.1% versus the first quarter of 2010. Nationally, home prices are back to their
mid-2002 levels.
The nationwide index fell for the eighth straight month. Prices have now fallen further since the bubble burst than they did during the Great Depression. It took 19 years for the housing market to regain its losses after the Depression ended. [Source]
And this is what our double-dip recession looks like:

Have you had enough of “Hope and Change” yet?
~Eowyn

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0 responses to “This is What a Double-Dip Recession Looks Like

  1. “Have you had enough of “Hope and Change” yet?” – More than enough…”sigh”

     
  2. How can you have a double-dip recession when you haven’t even climbed out of the first recession yet?
    -Dave

     

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