Why the threat of recession is rising

Job growth appears to be slowing down, credit conditions tightening up, and home sales falling. Vanessa Yurkevich clarifies why the economy's outlook is so murky. Yurkevich says that the economy is slowing down for several reasons. The job market has cooled down. There are fewer job openings and employers are hiring slower. The wages are stagnant and it is harder to find a job. Credit conditions are also tightening. Lenders have become more cautious in approving loans and borrowers find it harder to be approved. It's becoming harder for people to purchase homes and cars. Businesses are also cutting back on their investment. Home sales are also on the decline. It's partly because prices have increased faster than incomes and homes are now less affordable. This is also because credit is more difficult to obtain and fewer people qualify for mortgages. All of these factors create an uncertain economic future. Vanessa Yurkevich explains this well.