Now The New York Times Writes About Our Economy's Prospects

I noted the London Times' reporting on may lie ahead for the US economy here. The New Yrok Times published In the Land of Many Ifs.

How much longer can the expansion carry on? As a new year unfolds, analysts expect a verdict soon: Either the negatives finally metastasize and drag the economy down, or a fresh source of growth emerges, helping to sustain consumer spending despite the ongoing worries about housing and tight credit.

“There are even odds of a recession,” said Mark Zandi, chief economist at Moody’s Economy.com. “It literally could go either way.”