Morgan Stanley predicts economic collapse worse than depression
Morgan Stanley’s UK equity strategist Graham Secker painted a bleak economic picture for the United Kingdom. In his morning forecast, Mr. Secker warned that UK profits could fall by 60% in the current downturn - a worse performance than the great depression of the 1930s.
Days after he predicted there would be rioting from a public angry with all of the federal bailouts, Republican Senator Jim DeMint made another judgmentally-questionable statement –that students at D.C. public schools have a higher likelihood of joining gangs than of graudating from high school.
• Worse Than The Great Depression...Hyperinflation Is Coming! Own Gold & Silver! Real Money-Real Protection!
• The U.S. Financial System Is Effectively Insolvent