Recession Watch: Slightly Lower Interest Rates Will Make Zero Difference

Consumers are tapped out and real estate is frozen

GDP is still growing, home prices are still high, and the unemployment rate is still low. But under the surface, the bad numbers just keep coming:

U.S. manufacturing sector shrinks for 14th straight month in December

(MarketWatch) - The new-orders index fell 1.2 percentage points to 47.1 in December (below 50 indicates contraction).

Prices fell 4.7 percent…