Oregonrain

2008 Bespoke Market Poll: Chance of Recession 50/50

I hope that the 50% who say there will not be a recession are right. I ma just curious to hear the case for that. We have close to a melt down in the financial markets (ok its gotten a bit better with a massive infusion of funds), the auto industry is on its butt...and housing...well we all know about that.

These three sectors are a huge part of the US economy. What sectors or sector is going to keep humming along so as to escape the recession.

I assume the only response is the consumer. But, at some point isn't the consumer consumed. Home equity maxed out, wages not going to well, unemployment going up...and credit cards maxed as well.

I would love to hear the counter side of this.