I don't agree that a recession will set in this fall, that's MUCH to early. Maybe Fall 1999 if Asia doesn't start to turn around. I see a threat of deflation, hopefully the Fed. cuts rates soon to counter this. Labour rates are bound to rise slowly, but I also think productivity growth will be strong. The US does not really trade that much with Asia, regardless of what the fear mongers say.Trade with Canada far exceeds trade with Japan...and when was the last time the Canadian economy pulled the US down. So much of the US economy is domestic services. Sure giants like Boeing may take a bit of a hit, but thats a tiny impact on a 12 trillion dollar economy. Ford only does 9% of its business outside Europe and N-A, so only 9% of its business is affected. No worries. I don't know why F dropped so much, there was no news to cause such a drop, and buyers are now jumping in. I expect they will beat estimates in the next quarter. If I had more spare cash, I would be buying more F today.