Stocks Could Fall

Economics question?
"The economy grew at an annual rate of 3.4% last quarter, but the housing crisis and populations including second growth could hlaf wet. "Hi guys .. I have to write an essay based on this and I quote .. have no idea wat to write .. you give me some clues?
I have heard that housing starts reached 15 months of last year great. This puts a bit of drag on economic growth so that fewer people working in construction, construction materials, etc.
Sri-Kumar Says Stocks Could Fall on Sovereign Defaults: Video