- “A double dip recession is still very much in the cards,” Heller told CNBC. “The big elephant in the room is the huge federal deficit, and that will eventually will force up interest rates. And as interest rates go up, it will kill both businesses and consumer recovery.”
- Therefore the economy is likely to weaken again, said Heller. He expects a spike in interest rates in the near future, which he described as the "danger" awaiting investors.
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