Yet only one presidential candidate has been predicting this, and has criticized the Fed (and Congress for not managing the Fed) for printing more money, devaluing the dollar, which leads to price inflation, increased retail fuel prices, and the war-mongering against Iran increases crude oil prices to record highs. Consumers with higher oil and grocery prices (due to fuel and shipping costs) are left with less discretionary income, which WILL effect retails sales. These articles reflect that and report consumer confidence is down.

Technically, by the numbers, there is no recession (2 qtrs of negative growth) but the military-industrial complex is keeping growth alive. Hint: This could be a sign of war with Iran...war (government spending in the defense contractors) drives economic growth (e.g. 1940s).

(Then the FBI issues a statement and ABC says terrorists threaten to hurt economy, attack malls. Will that be the excuse for a drop in retail sales this winter?)

Happening on both sides of the Pacific too. Both parties are avoiding it (except saying they feel sorry for the people losing their houses ) in the lead up to the election.
Thanks Greenspan.