The Coming Recession

With the U.S. Congress still struggling to resolve what has come to be known as the "fiscal cliff" before the deadline passes and we all plunge over the precipice, there has been a lot of talk and official prediction related to a coming U.S. recession. And it's not just talk; Europe has fallen back into recession, with even Germany suffering, and China's growth story has suffered a major slowdown as well. So are we really in for it here in the U.S., too? In this video, Motley Fool analyst Morgan Housel discusses how accurate our recession predictions have been historically and how recessions have changed. He also discusses some factors that might set the U.S. apart from the rest of the world in this sluggish economic climate.