Double dip recession and its triggers

Watch the whole 29-minute interview at http://www.goldmoney.com/vogt-interview. Claus Vogt (http://www.sicheres-geld.de/) talks to James Turk about when the next recession, or second leg of a double-dip, will come and what the potential triggers are. Claus sees the European sovereign debt crisis as the most likely potential trigger. As of the time of this interview, he considers that most market participants are downplaying the significance of Greek, Irish and Portuguese debt troubles much like troubles in the real estate sector where being downplayed in 2007. He predicts a harsh awakening to this reality later this year. The interview was recorded on 14 May, 2011 in Hamburg, Germany.