Wednesday, November 24, 2004

Economic `Armageddon' predicted: "In a nutshell, Roach's argument is that America's record trade deficit means the dollar will keep falling. To keep foreigners buying T-bills and prevent a resulting rise in inflation, Federal Reserve Chairman Alan Greenspan will be forced to raise interest rates further and faster than he wants. The result: U.S. consumers, who are in debt up to their eyeballs, will get pounded."—Boston Herald

"Are you gettin' it? Armageddon it!"—Def Leppard