Is a Recession Looming for the U.S. This Year?

The video discusses the potential risk of a recession by the end of the year or in 2017, highlighting concerns about overextension of credit, especially in oil and gas, and manufacturing contraction. It examines the role of consumer spending, particularly auto sales, in propping up the economy. The video also addresses warnings from financial authorities about leveraged lending and economic indicators, and concludes with an analysis of the housing market, suggesting a modest recession similar to 2001.

What are the implications of the extended duration of auto loans and leases mentioned?

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What does the text suggest about the housing market and its current state?

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