I have been predicting that this would occur. This week's report on the huge down swing in retail sales with normally strong retailers like Wal-Mart, Target, Macy's, etc. has the analysts on Wall Street beginning to see the possibility of the R word - recession before the end of 2007.
It is my contention as a former econ college student that the slow down of homes across the USA has caused the Domino Effect that we learned could occur.
Would you agree?
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