From Tom Petruno at
Los Angeles Times, "
After a two-year rebound, recession risks rise":
The U.S. economy has officially been out of recession for two years, but fear of falling back into the abyss has dogged the recovery every step of the way.
Now, the prospect of recession no longer is a fringe view.
"Recession is not inevitable, but I think there's better than a 50-50 chance now," said Bill Gross, the respected investment chief at bond fund giant Pimco in Newport Beach.
Continue reading. Petruno tries heroically to look at both sides of the story. But unless we get some substantial GDP growth in the third and fourth quarters, and the unemployment rate declines, there's simply no way to put lipstick on this pig.
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