Economy Stalling and Fears of Double Dip Recession

Economist and government experts are fearing the worse now as the economy is stalling. New jobs being added have stalled, consumer confidence is down or not improving.

Just this morning in a few hours of trading, the market is down nearly 400 points. We will have to see how this develops, but if jobs are not added quickly or there is an infusion/injection into the public and private sectors to stimulate the economy we could be in for a struggle.

With unemployment as high as 20% in may parts of the country, and even higher in some parts, accounting for those who have given up or stopped being reported as unemployed, the numbers of unemployed are becoming a staggering number in the millions of people without jobs.