Housing slumps have historically led to a U.S. recession. I'd say we are in a full on housing recession with record foreclosures and defaults. Credit crisis, $100 barrel of oil, rising gasoline prices and the cost of a fill up for large SUV/truck/van over $100. Food prices have been experiencing price rises. Consumer confidence won't hold up against all this. This Retail season will be the nail in the coffin. The markets mantra has been that Global economies/multi nationals/technology would save us from negative GDP. IF you'd like to discuss the U.S. Economy and whether we go into a recession or we don't....State your case.