It not all that bad

Admist double dip frenzy and scaremongering, there are few data which is not all that bad.

New home sales figure , though disappointing, is still showing growth.

Baltic Dry index which is indicator of econmic activity has also shown improvement

So summing it up , there are chances of recession but it might be another slow gorwth phases and not the one which we saw in 2008

American Living with parents

The number of Adult american living with their parent is creeping higher.It reflects the economic uncertainly and a fragile Housing recovery

NAHB Builder Confidence

The National Association of Home Builders (NAHB) reports the housing market index (HMI) was at 13 in September. This is the same low level as in August and below expectations. The record low was 8 set in January 2009, and 13 is very low


"Builder confidence in the market for newly built, single-family homes held unchanged in September from the previous month's low level of 13, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today.

"In general, builders haven't seen any reason for improved optimism in market conditions over the past month," noted NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "If anything, consumer uncertainty has increased, and builders feel their hands are tied until potential home buyers feel more secure about the job market and economy."

"The stall in the nation's housing market continues," agreed NAHB Chief Economist David Crowe. "Builders report that the two leading obstacles to new-home sales right now are consumer reluctance in the face of the poor job market and the large number of foreclosed properties for sale.""