I don’t think this in and of itself provides any new or concrete evidence that the “mother of all recessions” is coming.
Extrapolating from some governmental agencies having funding issues to the entire economy going into disarray is a bit of a leap.
I’m sypathetic to the idea of a recession coming, but all of us on this board tend to be a little trigger happy when it comes to the data. Every now and then we all need to step away from the bubble blogs and real estate focused websites and keep consumer spending, business investment, unemployment, the agressive response of the fed, etc. in perspective.
