Image: CNN

BY ERICA COGHILL


Experts are predicting what the media are calling a double-dip, and we’re not talking chips... more like dough... the green kind.

Experts from the Economic Cycle Research Institute say the U.S. faces another recession. MSNBC has the scoop in an interview with the institute’s Lakshman Achuthan, who says “double dip” isn’t exactly what we’re talking about here.

“We are going into a brand new recession. We had about a 2 year expansion and I’m sorry to say, there’s no way out of this, all we do is study recessions and recoveries and we do not make these calls lightly and we are not eager to make them, but when the objective evidence presents to us patterns that are recessionary, we have to call it like it is.”

Achuthan says the economy seems bad now, but you haven’t even seen anything yet.

One expert tells Fox Business—he’s not worried about another recession. But with only a 1.3 percent growth on the GDP, he admits the U.S. economy is still on rocky ground.

“I’m not concerned about a double dip, but on the other hand, we’re on an edge here, and 1.3 percent is not overwhelmingly strong, and we’ll just have to see as uncertainty is eliminated, we’ve provided a lot of lequidity through Central Bank, I know we’re going to talk about that, but there’s so many other uncertain factors out there, including how strong markets are going to be that people sell goods and services into, and until there’s more confidence out there I cannot see any robust growth being restored.”

On top of slow GDP growth --  another expert tells CNN -- unemployment, low capital spending and lack of consumption make a double dip very likely.

“So you have a double whammy on your financial wealth, you feel poorer, you’re going to spend less, and it’s going to become a vicious cycle of falling economic activity, falling housing prices, falling wealth, reducing consumption investments and we don’t have the policy tools right now to jump start the market and the economy.”

While some experts claim the U.S. is already in a new recession, businessman Warren Buffet disagrees in a Bloomberg interview.

“We have a recovery going, we are not in any double dip recession or anything like that, I mean, I’ve got 70 something businesses and most of them are doing very well.”