Why double-dip recession prospects seem to be rising: Danger!

1. Because people like me are deleveraging. I sold my car because it was just sitting in the driveway; I don’t go out much given how much time I spend on the screens. I likely would still have the car in a world where credit was plentiful. I am sure millions of people all over are doing the same type of thing and spending less. That type of action is a major drag on GDPs and demand for Chinese exports.