Published December 17, 2007  Submitted by: Mike

The front page of the October 31st issue of The Outlook, published by Standard & Poor's and found in the Reference area at the Library Center on South Campbell, has a chart integrating the occurence of recessions and housing slumps.  The accompanying Outlook article discusses this.

While S&P pegs the liklihood of a recession at 33%, Alan Greenspan and others see the odds as 50-50 or better.

Even the White House, a very reliable purveyor of sunny optimism, isn't sounding all that perky.