Economic conditions across the United States have slowed since February, the Federal Reserve's Beige Book noted, as nine of the 12 districts report slowing economic activity. The report noted consumer spending is "softening" across much of the U.S. while residential construction is "generally anemic...
Wednesday Goldman Sachs became the latest "authority" to say that the United States may be slipping toward an outright recession , and that the housing and credit market problems would be the primary cause. In a research report Goldman Sachs said that the latest economic data indicate that the recession...