There is a 95% chance that the US economy will enter a recession, according to a report in BusinessWeek magazine.

Jennifer Yousfi in Money Morning gives some background and examines strategies for recession proof investing:

U.S. Federal Reserve policymakers cut the benchmark interest rate by less-than-expected three-quarters of a percentage point at their last meeting, a move that was designed to energize a badly flagging economy without causing inflation to spike or exacerbating the greenback’s decline.

Real gross domestic product (GDP) increased at an annual rate of 0.9% in the first quarter, the Bureau of Economic Analysis (BEA) announced yesterday (Wednesday).

When the Federal Reserve hinted at the possibility of higher interest rates in the near future, gold dropped $50. But will higher interest rates in the future signal an end to the bull-run for gold?

It’s not only the clouds outside that seem to be lifting. Optimism broke out in various quarters, reflected in global equities. The Dow closed above 13,000 on Thursday. The Nikkei closed above 14,000. The FTSE 100 was over 6,100 by mid-day Friday.