Double-dip chances

It's about 1 in 167, according to a New York Federal Reserve model.

The "Probability of U.S. Recession Predicted by Treasury Spread" uses the spread between yields on 10-year Treasury notes and 3-month Treasury bills to calculate the probability of a U.S. recession in the year ahead. The model shows the recession likely peaked during Oct. 2007 to April 2008 and has been declining since then.