Recession Expected to Strike in 2008

Five economic stocks will send U.S. manufacturing into a mild recession in 2008, according to a new report from an undustrial trade group. But the situation should get better in 2009 if the housing market rebounds and helps stimulate the economy. Daniel Meckstroth, chief economist for the Arlington, VA-based Manufacturers Alliance, said that while the next 12 months should provide a formidable challenge, he thought new housing starts should improve significantly in 2009.

Happy New Year

Happy New Year to all you bloggers out there. Wishing you a great and blessed 2008 with prosperity, good health and all your wishes to come true this year. It is off to a start with the coldest day of the year but there is a lot of sunshine and even though the wind is very cold, it is a pretty winter day.