Data released Thursday points to Europe and the United States entering into a worse recession than 2008 by the end of this year. Business growth is slowing at the fastest rate since the height of the great recession, and continues to fall. This is triggering a global recession, that by all measures, will be worse than the 2008 recession. And while business growth continues to slow, questions over a slowdown in the housing market continue to abound. On Friday, we will finally get housing data that will give us a clear picture of whether or not the housing market is slowing down.