Manu Daftary, manager of the $1 billion Quaker Strategic Growth Fund, told the Boston Herald he sees a 75% chance for a recession over the next six to 12 months.

Exorbitant fuel prices, rising interest rates, a steep slowdown in the housing market and recent earnings warnings from consumer-oriented companies are some of Daftary's key concerns. But he also notes that the economy has been humming along at a higher rate than normal for a number of years.

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