Dr Jim diagnoses a double-dip

Before reading this, pour yourself a drink. OK. Jim Walker, director of his independent research boutique Asianomics and former CLSA economist, says his outlook for the global economy is a double-dip, and he's not framing that as a hypothetical but as a likelihood. The markets today resemble those of 2007, when global equities hit an all-time peak, oblivious to the carnage starting to take place in credit markets. Similarly, Walker takes no comfort in seeing equities retrace now, beca…