Hi readers -
You might have noticed that a CNBC Holiday Central Survey finds that Americans appear ready to up their Holiday spending a healthy 6% over last year. (Read more: What Recession? Holiday Spending Expected To Rise)
Those results come even after last week, when U.S. data showed that wholesale inflation rose at the highest rate in 34 years, while consumer prices rose the most in more than two years.
And Alan Greenspan repeated his assessment that the probability of a U.S. recession had moved up toward 50% but noted that corporate America's debt levels were in good shape, which should help cushion the blow from tightening credit terms.
It made me wonder - if the global economy remains vibrant, maybe the threat of a US recession isn't as ominous as it was even 5 years ago. What do you think?
-- Lee Brodie
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