US Recession Risks

On the one hand…
Recent research from the San Francisco Fed suggests that the odds of a US recession early in 2012  are greater than 50% …
Future Recession Risks: An Update, FRBSF Economic Letter, 14 November 2011

On the other hand…
Finally, some good news, The Economist, 26 Nov 2011
Rising from the ruins, The Economist, 5 Nov 2011
On the housing recovery, also have a look at the National Association of Realtors’ series on housing affordability.