Shaky housing, car markets set stage for recession
Dear Mr. Berko: You said 'there's a 25 percent chance' the U.S. will enter a recession in late 2017 or early 2018. You warned 'slower home purchases and lower car sales next year' could push us into a recession. But you never told us why they'll be lower. ' S.A., Orlando, Florida
Dear S.A.: Consumer spending ' the dollars that go daily toward food, toys, vacations, clothes ' constitutes the largest component of our gross domestic product. But a growing number of observers think...