Recession?

BREAKING ECONOMIC ANALYSIS...America's economy!
By The ECONOMIST

Filed 11.09.06

Wall Street: Not the election, stupid. It's the economy.

WASHINGTON - Rarely have Wall Street's seers been so split. Not only are they divided about where the economy is headed, they even disagree about how it is faring today.

Pessimists, such as Nouriel Roubini of Roubini Global Economics, reckon output is slowing from its already desultory pace of 1.6% a year in the third quarter and that recession is imminent.

Optimists say GDP growth is rising after a weak summer. After analysing bond, equity and credit markets, Stephen Jen of Morgan Stanley recently argued that the risk of recession was only 13%, down from 19% a month before.

(Click & Read on courtsey of The Economist)