Today is Thanksgiving, the day when, as the first Congress proclaimed in 1777, Americans "may express the grateful Feelings of their Hearts". But those with an eye on the economy would be forgiven if, this year, they felt a little miffed with their lot. ... When four things come together, [John.Stussman] argues, it suggests that recession is near. They are widening credit spreads, a moderate or flat yield curve, falling stock prices and a contraction in manufacturing activity, as measured by the purchasing managers’ index (PMI). On each criterion, America is in trouble. The first red light is a widening...