By Jeff Harrington, Times Staff Writer
Friday, September 30, 2011
It feels like 2008 all over again.
Not just because the Tampa Bay Rays defied baseball betmakers with a surprising push into the postseason.
We're talking about those unsettling fiscal memories of a mere three years ago.
Once more, the stock market is unhinged with triple-digit swings in the Dow nearly every day; some bellwether companies like FedEx are cutting profit predictions; and many consumers with disposable income have turned uber-cautious again.
The Economic Cycle Research Institute, whose chief purpose is to predict the timing of recessions and recoveries, told clients last week that another recession starting this fall is inevitable.
Still, what happens the next few months could prove the difference between Florida building on a slow recovery or sliding into a deeper funk.
Five reasons we may be entering another recession …
• Europe could be 2011's version ...