TALKING ABOUT "ECONOMIC ARMAGEDDON"

Thanks to the blog Truthout for this profoundly interesting article from Tuesday's Boston Herald.

Seems as though Stephen Roach, who is usually quite bearish about the American economy in his position as investment firm Morgan Stanley's chief economist, was singing a profoundly different song during meetings in Boston the week before. He is predicting that America has no better than a one-in-ten chance of avoiding economic "armageddon".

Some of the facts that he presented to the select group of fund managers should alarm anyone concerned with the state of our economy, and while his prediction is not completely fresh, some recent events give it a lot more credence.

Consider the article linked above as a MUST READ!