US Economy: Boston Fed chief says double-dip downturn still possible - by Jay Fitzgerlad

A double-dip recession is “not out of the realm of possibility” if another “financial shock” occurs, such as Europe’s banking system coming apart or government spending collapsing due to declining tax revenues at the state and local levels, said Rosengren, president of the Federal Reserve Bank of Boston. Another area of potential trouble is the battered commercial real-estate sector, whose woes are putting strains on the U.S. banking system.

Eric Rosengren says double-dip downturn still possible - BostonHerald.com