“U.S. Economy Screwed”  —  The recession-deniers having been muzzled by a horrendous last two weeks of December, the gloom-and-doomers are now out in force.  Their key arguments:  — Plummeting housing will now drag down the rest of the economy.  — The “bad debt” problem is not just …

Source:   Silicon Alley Insider

Author:   Henry Blodget

Link:   http://www.alleyinsider.com/2008/01/us-economy…