Uncomfortable Answers to Questions on the Economy

We have heard that Fannie and Freddie, may cripple the US financial system. We have heard about the increasing job losses and plummeting home prices in USA. Economists keep debating whether it is recession already in the world's largest economy. Something has clearly gone wrong with the economy. But how bad are things, really? And how bad might they get before better days return? Are you are interested in knowing the answers to the following questions:

• Is this a recession?
• How bad is housing?
• When will banks revive?
• Is my job safe?
• Are consumers done?
• Who’s to blame?

If yes, please read this informative article in NY Times.