|Intro:||A major Missouri market analyst discounted national fear of a double-dip recession Thursday. Michael Langenberg has more from Jefferson City.|
Wrap: Stifel Nicolaus Market Strategist Joe Battipaglia (Bat-uh-pag-lee-uh) says the chance of double-dipping, or hitting a second recession is not likely at this time.
But the St. Louis financier says this does not mean the economy has recovered.
|Description: "To me, we're trying to work our way out of a recession that we're still in."|
Battipaglia says Missourians can avoid future problems by continuing to make long-term investments such as higher education, rather than short-term expenditures like vacations.
From the Capitol, I'm Michael Langenberg.
|Intro:||A St. Louis-based financial strategist says careful planning can save Missourians from further economic troubles. Sherman Fabes has more from Jefferson City.|
Wrap: A new car or a relaxing Labor Day vacation could hurt you says St. Louis-based Market Strategist Joe Battipaglia.
|Description: "we're moving away from an era of that kind of conspicuous consumption to a much more rational environment which is sustainable on a long-term basis."|
Battipaglia says Missouri is still fighting to climb out of the recession and prudent financial investments could save Missourians from an extended period of economic decline.
He dispelleded national fears of a double-dip, or a second recession, saying it's too soon to predict.
From Jefferson City, I'm Sherman Fabes.
|Intro:||Market Strategists from St. Louis gave advice on how to avoid the effects of a second recession on Thursday. Molly Boland has more from the State Capitol.|
Wrap: Stifel Nicolaus Market Analyst Joe Battipaglia says the possibility of a second recession, or a double-dip, is possible.
He says the best way to offset the effects is to invest long-term, in higher education or small business loans for example.
|Description: "Those are good investments with long-term pay off. Economists call that a multiplier effect, where you can get many fold back the investments."|
Battipaglia says Missourians should focus on climbing out of the first recession before worrying about the next.
From Jefferson City, I'm Molly Boland.