NEW YORK ( Stockpickr) -- Over the course of the summer, the U.S. economy has looked weaker and weaker with each passing economic report.
At this point, economists have been forced to sharply lower their forecasts for the remainder of 2012, and some are suggesting that we may end up back in recession as we head into 2013, especially if the much-discussed "fiscal cliff" comes to pass.
Thankfully, most major companies used the last economic crisis to get in better shape, cutting costs and raising cash. But some companies just never learn. They muddle along with high levels of debt and are simply unprepared to handle a slumping economy.