October 23, 2012  John McDevitt- the Former 3M Corporate Economist assesses the progress of the recovery looking at the housing sector and his expectations. McDevitt discusses the most recent jobless report, its drop to 7.8%, his expectation, the Fed decision to launch its $40 billion per month mortgage-backed securities buying program and the fiscal cliff. He also discusses the budget deficit and the total U.S. debt. McDevitt also shares his forecast.