Looming recession forcing consumers to cut back

“It looks as if the question is no longer will we go into a recession, but rather how long and deep will it be?”

For months, there has been the hope that the economy could skirt a recession. Even while the data deteriorated, it was believed that job and income gains would allow consumers to continue to hold up their end of the bargain. But then we got the killer: a second month of job losses. Although a recession is not a certainty, the white flag has started going up the ..... DP