Josh Brown, a financial adviser at Fusion Analytics, says despite months of poor economic reports, Wall Street hasn't declared another recession, and 'they never will until we're about halfway through' it.
Richard Dekaser, economist with the Parthenon Group, says people are concerned about the rising probability of a recession, and perhaps more importantly, that the government's economic policy 'looks a bit rudderless'
Interest rates for banks that borrow from the Fed will remain near zero percent for the next two years. But keeping rates that low for that long is unprecedented and making such a bold statement carries risk.
The Federal Housing Administration today will ask the public for ideas to help clear out the nation's stock of foreclosed homes. One idea gaining steam is to get foreclosed properties off the market by renting them out.