U.S. at risk of recession from housing
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JACKSON HOLE, Wyoming  - The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively, one of the country's most prominent economists warned on Saturday.
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The housing crisis and high oil prices may cause a slump, analysts warn.
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In once-booming areas, now hard hit by housing crisis, stimulus plan could be too little, too late.
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A downward spiral of falling house prices and reduced lending threatens the economy, an economist warns.
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The unemployment rate leaps to a two-year high, record numbers of people are forced from their homes and Wall Street nose-dives again. Such is the fallout from a housing meltdown that threatens to slingshot the country into a recession.
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Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.
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The US housing downturn may damage investment funds linked to sub-prime lending, experts say.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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Americans are worried about the economy and fear housing woes and war spending could spark a recession, despite the interest rate cut this week that sent stock markets soaring.
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Financial market turbulence has  noticeably hurt housing activity across the United States in  recent weeks but other sectors of the economy have so far been  spared, the Federal Reserve said on Wednesday.
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One in three Americans expects a U.S. recession in the next year, and less than a quarter think home prices will rise, according to a Reuters/Zogby poll released on Wednesday.
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The I.M.F. said a cooling housing market is likely to trigger a slowdown in the United States economy and abroad.
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A panel of banking economists has put the odds of a recession near 50 percent as the economy works through a housing slump this year.
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Fresh signs emerged Tuesday that the U.S. economic slowdown may be intensifying, increasing the odds of a recession:
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More steps by Congress and the Bush administration are likely needed to stabilize the imploding U.S. housing market, a senior White House official said on Tuesday, as more signs of distress appear.
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Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
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Finance leaders from the worldâs wealthiest nations warned Saturday that global economic woes could get worse from the slump in the American housing market.