Strong Signals of Recession

Strong Signals of Recession:
Fri, Sep 14 2007, 07:46 GMT by Comstock Partners Team Comstock Partners Inc.
No matter what the Fed does next Tuesday, the economy is most likely headed for recession. The August employment report was not a one-off event, but part of an overall pattern indicating a softening economy. Even prior to the latest release, year-over-year employment was already growing at a scant 1.4%, and with the August number now in the fold, growth is down to 1.2%. The following facts indicate the strong probability of recession developing in the period ahead if it has not already started.