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This article discusses the conventional wisdom about whether the United States economy is on the brink of a recession. Paul Kasriel, director of economic research at Northern Trust is quoted as saying the economy is "close to stall speed." A recession is defined as two or more consecutive quarters in which the gross domestic product declines, which hasn't happened since 1991 and isn't shown by any of the traditional indicators. INSET: Hurricane Holes.

An interview with Wall Street bond manager Larry Fink is presented. Fink believes the Federal Reserve Bank should keep interest rates at present levels, does not believe in buying subprime mortgages, and states that even though holders of subprime mortgage lost money in 2007, these investors made a lot of money on subprime packages in the preceding years.