The recent economic data indicated a slowdown in May: only 54,000 payroll jobs were added, auto sales declined significantly, retail sales were sluggish even excluding autos, growth in manufacturing slowed sharply, house prices continued to decline to new post-bubble lows (as of March), and home sales slowed. This raises a key question: Is the recent economic slowdown temporary or is the U.S. heading into a "double dip" recession?
Money
Source: Calculated Risk
