George Soros: Real Threat Of A Double Dip Recession In The United States

George Soros sees a real threat of a double dip recession in the United States because there is increasing concern about the budget deficit and the growing national debt and that diminishes the chances of additional stimulus:

"The markets are now stabilized. The premiums have shrunk back to normal levels. So that's fine. And the economy has begun to move forward. But it's only moving forward because it's pushed by the stimulus. And that's particularly true in the United States. At the same time now, there's increasing concern about the budget deficit and the growing national debt. And that will stand in the way of additional stimulus. And that creates-- I think a real threat-- of a double dip."