Recession on the way?

There are many indications of a recession on the way not at least of which is an "inversion of the yield curve" in the states, a situation that almost guarantees a recession on the other side of the pond. Don't forget that when the states sneezes the UK and EU catch colds.

Consumer spending is slowing, Woolworths recently posted £66million in losses for the first half of the year, nearly double that of the previous years quarterly reports. Most retailers have acknowledged difficult trading conditions.

Signs of an internet slowdown are starting to creap out. Yahoo! has sounded a warning about the strength of the online advertising marketing. They are claiming the weakness in the automotive & financial sectors who are 2 of the biggest online ad spenders.