Recession Called A 50-50 Shot For U.s.

share: digg facebook twitter Consumers are hamstrung because falling home values have made it difficult to borrow against their home equity, disposable income has dipped, unemployment remains persistently high and financial turmoil continues to loom in Greece and other European nations, he noted. [...] for Houston and the rest of Texas, the recession is in rear view mirror, according to Patrick Jankowski, vice president of research for the Greater Houston Partnership, who focused on how well Houston is doing compared to other major metro areas.

Topics:  consumers   greece   european   patrick jankowski   greater   ikea   houston   i   u.s   home   
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