Prepare for a U.S. Market Crash

We’re heading into a recession. You’ve heard about it for months, even years, what with the housing bubble, the war in Iraq, overextended consumer credit — you name it. A recent Merrill Lynch (NYSE: MER)report says that the U.S. economy will grow by only 1.9% next year, down from 3.4% this year, and slower than the global growth rate of 5.2%. Even slowpoke Europe should pass us at 2.1%, though the U.S. is ahead of the average European GDP growth rate of 2.7%.

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