Economic Outlook

From today's IBD: "We continue to think the economy is a miracle. But as our chart shows (top chart above), many Americans have their doubts. This month's IBD/TIPP poll shows a sharp drop in optimism about the economy over the next six months, though they still feel good about their own financial prospects."

The bottom chart is the trading on Intrade, and the odds right now of the U.S. economy going into a recession in 2007 is about 28%, up from 16% at the beginning of March.