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Wall Street Roundup: Double-dip catalysts. Screwflation.

June 13, 2011 |  8:38 am

Wall sign -- stan honda afp getty images Gold: Trading now at $1,527 per ounce, down 0.1% from Friday. Dow Jones industrial average: Trading now at 11,981.28, up 0.3% from Friday.

Today's OK, but tomorrow? Stocks are rising Monday morning, but economists are not hopeful about the economic data that are going to be delivered this week.

Double-dip catalysts. After six weeks of a declining stock market, all the analysts are asking what it would take to turn the current slow patch into a double-dip recession. Could a Greek default do it -- or will it take a perfect storm of factors?

Screwflation. Investor Doug Kass has coined a new term, screwflation, to describe the combination of inflation and stagnating middle-class wages linked to the current malaise.

Winning back Wall Street. President Obama is putting on a charm offensive to try to win back the Wall Street donors who played such an important role in his 2008 campaign.

Shrinking bonuses. With Wall Street banks struggling in the current economic environment, compensation for the bankers may be pushed down.

-- Nathaniel Popper in New York

Credit: Stan Honda / Getty Images

 

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