Doomsday warnings of US apocalypse gain ground

AFP
September 13, 2010

• A d v e r t i s e m e n t

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.”

Fresh food that lasts from eFoods Direct (Ad)

But other economists, who have so far stayed out of the media limelight, are also proselytizing nightmarish visions of the future.

Read entire article

This article was posted: Monday, September 13, 2010 at 12:58 pm

---

---

---

---