The latest news on recession
By the old rules, we should already be in a recession.
Earnings shock at Merrill Lynch shows the worst isn't yet over
But the ongoing problems in credit markets are still cause for concern.
Good risks get credit again. But home sales spiral even lower
Add the mortgage meltdown to the list of disasters that haven't stopped America's economic boom.
Job and income growth are still providing a strong foundation despite the weakness in housing.
Maybe last month's 4,000-job loss was a blip after all, rather than the labor market starting to crack.
The economy looks to be firing on all cylinders, but the Congressional Budget Office says the threats are still elevated due to the mortgage and housing crisis.
The sector has held rock steady during recent market turmoil.