Most people are aware of the problems with the mortgage markets, credit markets and consumer spending but there may now be more things to consider on the horizon. Business capital spending may start to decline now that credit is a lot tougher and revenues are taking a hit. Meanwhile, overseas growth appears to be slowing down and may not be great enough to offset the slowing domestic growth. These could very well be the key ingredients to a recession next year...

From Reuters:
"U.S. employers have yet to slash jobs in any great number and the mighty consumer hasn't forgotten Christmas, but Corporate America is retrenching in anticipation of a slowdown, and that may hasten the fall. While malls are packed with holiday shoppers, the import docks in California are quieter than usual as retailers trim inventory. U.S. airlines are flying with the fewest empty seats on record, yet many are cutting capacity. Some economists worry that it will be this scale-down in business investment that tips an already wobbly U.S. economy into a recession next year."