risk of recession rises

--the combination of softness in the housing market and the contraction of credit market have put a dent on consumer confidence and job market. --If not corrected right away, the deterioration of the situation will self-reinforcing and result in recession. --white knight warriors will be business sector and governmetent. Today's ISM will give us an early indicator of how well U.S business investment is faring. If business spending tanks, we are heading for recession.