Vital Signs: Recession Risks Rise

On deck: Lots of Fed speakers, consumer credit, pending home sales, international trade, and import prices

It’s a slow week for economic data, but that doesn’t mean the next few days will be boring. On the contrary, attention in the markets is starting to turn increasingly toward the economy, which appears to have entered a more ominous phase of weakness, mainly reflecting the growing squeeze from the credit crunch.

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