US economy in red alert

Following up on the state of the US economy. Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.But you should hear what he’s saying in private. Roach met select groups of fund managers downtown last week, including a group at Fidelity. His prediction: America has no better than a 10 percent chance of avoiding economic "armageddon.'’ Read the article on the BostonHerald.

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