Referring to the current recessionary cycle, Joseph Stiglitz says we may be in for a W-shaped recovery. Norel Roubini thinks we could go W or U. George Soros said he didn’t see a V anywhere in site.
What, exactly, are they talking about? Let us consult the Wiki.

V-shaped recession: “The economy suffers a sharp [...]

Interesting post on the naked capitalism blog today, taking off on Nobel Prize winning economist Joseph Stiglitz’s comment that the U.S. may be in the middle of a W-shaped—or double dip—recession. Which means another economic contraction sooner rather than later. As poster Yves Smith sees it:

The real issue is the ongoing con job. Team Obama [...]