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New concerns about the possibility of a double dip recession many think would never got out we did not get out of the first recession.
Following two shots in the economy first the latest GDP report last week.
Revealing the US economy grew an -- -- snail's pace second quarter one point 3% you have to be three to 5%.
And a minimum to get sustained growth second very few jobs created in June leaves the unemployment rate you see there there are some new numbers out.
That give further cause for alarm Stuart Varney has that.
Now when you have spending cops when US spending less week consumers when we spend less money.
That is a very big deal for the overall economy.
-- suggests that the would recession should be back on the table it is again on the radar screen as you pointed out bill the economy is hardly growing at all.
Manufacturing hardly growing at all.
The jobs number that comes out on Friday is going to be a pretty bad -- but hardly any new jobs created and now we find out there were actually spending less.
This is a picture of probably an impending recession we gotta battle the first recession we did have a very modest recovery of the economy did expand a little bit last year but not much what -- referring to is the way people feel.
You ask people what's the economy and that was -- it's my job and my house.
Both of those two areas are in crisis so it still feels like we are indeed still in the last Great Recession.
And these new numbers suggest that would not gonna get out of that last Great Recession in -- we're gonna go down again that's the -- --
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