Doomsday Warnings Of US Apocalypse Gain Ground -- Breitbart/AFP
Economists peddling dire warnings that the world's number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here.
The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the subprime mortgage crisis and the collapse of the housing bubble.
"The US has run out of bullets," Roubini told an economic forum in Italy earlier this month. "Any shock at this point can tip you back into recession."
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My Comment: This is not the first that this blog is talking about financial Armageddon .... but what strikes me right now is that a lot of people (besides myself) are now talking about it.
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