New York Magazine asks: What would it take to send the U.S. economy—and New York’s—into free fall?

They point to the following 5 threats to our economy:

1. The Bottom Continues to Fall Out of the Housing Market
2. The Derivatives-Related Meltdown, Part II
3. Consumers Run Out of Steam (and Take the Economy Down With Them)
4. That the Rest of the World Decides They Don’t Need Us and the Dollar Tumbles Hard
5. That We Don’t See It Happening Because It’s a Slow-Motion Train Wreck

Check it out. Via NJ Real Estate Report.