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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • July 2, 2010 04:48 PM UTC by Cheryl Casone

    Best Guess: To Double Dip or Not

    This could apply to bad party etiquette, money, or in the case of today’s best guess segment on the show, the economy.  Will we go back into recession? Mark DeGenarro joined me today (which I appreciate since it is the Friday going into the holiday weekend) and said that it certainly unlikely but not improbably that we could experience one in the United States.

    You need two consecutive quarters of negative growth to double dip.  My guess behind Mark is that we get a negative quarter, but not two.

    Have a great holiday weekend!

    CC

    MARK DEGENARRO: The economic data over the last few days looks discouraging, the US economy is unlikely to experience a “double dip.”  Rather, we will continue to limp along through the remainder of 2010, with high employment continuing to weigh on the overall economy.  Growth expectations will be lowered to around 2 percent.  Investor expectations will be lower as well.

    DUNSTAN PRIAL:  Jobs report today is going to amp up the austerity vs. stimulus debate. It’s been simmering for months but as it becomes clear that the recovery is stalling and job creation is stalling the hue and cry for another stimulus package is going to get louder.

    CHERYL: As foreclosures continue lenders will begin to file lawsuits against folks who default.  In Florida they have five years from date of sale to file, and twenty years to collect.  With home prices still depressed, the bankers are getting lawyered up and going after the default nation.

Flynn

The middle class we knew growing up as blue collar kids is long gone. A modest home in suburbia,a good school system,college fund in the family cookie jar,parents proud that their kids would be OK (financially and otherwise)...are gone. Without a strong middle class making decent wages,I think the economic recovery is a pipe dream. It's more like the "Grapes of Wrath" for these folks.

July 2, 2010 at 6:50 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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