Don't tell George Costanza, but double dipping is all the rage these days. The possibility of the U.S. slipping back into recession after a brief period of growth is a hot topic of late "“ and while such an occurrence is unlikely, pundits are feverishly declaring that it can't and won't happen.
Here are some of their reasons, some of which appear to strain credulity:
A recent Reuters poll put the odds of a double-dip recession at about 15 percent. Gluskin Sheff's bearish strategist David Rosenberg puts it around 50-50, and Jim Bianco of Bianco Research also put that kind of odds on it. It may not happen "“ but when a lot of people are trying to convince you that something's not going to happen, it can make you believe that it's more likely than not.
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