St Louis Mortgage and Real Estate News –
News: Double-Dip Recession May Hit Our Already Weakened Economy [News Hot Line: 877-334-0210]
There is more bad news that may be brewing as economists are worried that the United States maybe headed towards a double-dip recession.
Other areas of disappointment that is adding to this possibility is the unemployment situation and the lack of consumer confidence.
Most consumers feel that the economy doesn’t have enough momentum to fully recover any time soon.
Although there have been news coverage stating a more optimistic side of this story and that a temporary recovery may be in the making, there are no guarantees that it will permanently remain.
The Federal Reserve Chairman Ben Bernanke is carefully weighing this pivotal financial crisis and the growing debates on its eventual outcome.
“I think that we will avoid a double dip recession however I also do think that we are going to take a long time to come out of this recession and growth is going to be very slow, it’s going to be ups and downs,” says economist Maria Fiorini Ramirez, CEO of MFR Inc.
The consensus seems to be reiterated by a new report from TechnoMetrica Market Intelligence and IBD which again showed consumer confidence deteriorating so far in June thanks to concerns about jobs and the stock market dropping.
Most economists are now jumping on this bandwagon by predicting that a double-dip recession may be inevitable and that this could be double trouble for consumers who are still recovering from a recession that has completely decimated this economy.
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When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 877-334-0210 or 314-334-0210 and ask for Steve Swan or Doug Stahlschmidt.
For business owners looking for small business loans and alternative financing that works, call Floyd Tapia, host of the St. Louis “Mortgage Minute” at 314-698-4092 or 877-334-0210. He is a successful hedge fund originator assisting local and national business owners in getting private and public St Louis commercial lending with no upfront fees.
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