Cramer: Are We Due For a Double-Dip?
Are we due for a double-dip recession? CNBC's Jim Cramer doesn't think so. He’s seeing “a lot of signs … that things have bottomed” and the US economy is improving, whether it be a turn in both US housing and industrial production, gold and oil prices on the rise or strong company earnings reports.
The problem is that “people don’t feel it,” he said. Even with retail sales – a direct read on the consumer – showing strength, the burgeoning recovery hasn’t yet boosted investors’ confidence enough.
Posted on April 13, 2010
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