Keith Springer President of Capital Financial Advisory Services in Sacramento California Quoted ...

Keith Springer President of Capital Financial Advisory Services in Sacramento California Quoted in Sacramento Bee

Is a double-dip recession ahead?

SACRAMENTO, Calif. (MMD Newswire) June 16, 2010 -- Keith Springer discusses the effects of consumer confidence and spending on the market, as well as the potential for a double-dip recession.

Dale Kasler of the Sacramento Bee reports, "After dropping early Friday, the Dow Jones average gained 38.54 points to close at 10,211.07 - its first positive week in a month. Investors were reacting to a Reuters/University of Michigan survey that showed a healthy increase in consumer confidence, which seemed to take everyone's mind off the fall in consumer spending."

Still, investors remain wary. That's affecting their behavior as consumers, said Keith Springer President of Capital Financial Advisory Services in Sacramento.

"Their 401(k)s have a psychological effect," he said.

Springer is among those warning of a so-called double-dip recession, in which an economy that hasn't fully recovered undergoes another downturn. He said much of the recovery has been fueled by government intervention, which is likely to taper off.

To view more print and television media interviews with Keith Springer visit www.KeithSpringer.com and click the "Keith in the Media" link, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (916) 925-8900

Keith Springer, President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.

###