In an interview with Der Spiegel, investing legend George Soros says the Standard & Poor's downgrade of the U.S. credit rating means that it's more likely than ever there will be a U.S. double-dip recession.
But here's the thing.
As much as we respect Soros as an investor, barring an outside shock, a U.S. double-dip recession isn't in the cards. Not for now, at least.
And we can prove it.
To find out how, you need to read Martin Hutchinson's analysis in today's (Tuesday's) issue of Private Briefing.
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About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.