Tuesday, November 23, 2004

Economic `Armageddon' predicted

To hell with the rapture and the antichrist, the looming debt bubble is about to burst according to economic bear Stephen Roach at Morgan Stanley. This likely means bankruptcies out the wazoo, indebted consumers getting hammered, a falling dollar, and inflation and/or interest rates spiking. Get out of debt as fast as you can!

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