The job numbers from december came out short with private businesses actually cutting jobs, taking unemployment to the worst since 2003.
The much spoken about 400 billion dollars in ARM loan resets this year are still up in the air. There are no numbers announced yet on how the Fed's plan to freeze rates worked it's wonders.
The larger banks of wall street are showing quarter by quarter of losses, and are being brought out by overseas investors.
Could this be recession? we'd have to wait. Maybe, the Fed's expected rate cut at the end of the month shall say more. Maybe, the spending numbers for the holiday season shall reveal more.
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