Man the sub prime mortgage was the root cause!! if there were no bad loans, there would'nt be any credit freeze and hence the recession. it's all because of those greedy lendors.
Recession ... where is it? Did you follow the IPL biding by any chance. Where do you think all those people get all that kind of money from? And the very fact that they can invest so much money means they do expect the returns (and profits too) when the actual IPL season kicks off. If they expecting returns that means people do have money to spend!