A slew of economic indicators out this month don’t portend well for the U.S. economy. Many economists are uttering the R” word, but it is noteworthy that many are preceding it with “mild.”
 
An overview: While industrial production increased this month, for the quarter it fell slightly. Housing starts plummeted nearly 12% in March, and 37% from last year at this time. The Institute for Supply Management’s monthly purchasing managers’ report on manufacturing continues to indicate contraction in the sector. Oil prices continue to skyrocket, and prices at the pump are following suit. (Take this brief survey on the impact fuel costs are having on your business by clicking …