Dr. Doom's Gloomiest Message Yet For The U.S Economy

According to istockanalyst.com, Dr. Doom is out with his gloomiest message yet: This time he says the odds of a global recession are "100!"  "Europe is already in recession," said investor Mark Faber -- aka Dr. Doom -- publisher of the "Gloom, Boom & Doom Report" on CNBC's "Closing Bell" on Thursday night. "The German economy is growing slightly and will likely go into recession soon... . "The U.S. economy has decelerated, and I don't see much growth coming in the next six, nine, or 12 months."

To him, it's a matter of when -- not if -- the U.S. follows much of the rest of the industrialized world into recession.

Many economists and large investors believe that mre monetary easing by the Federal Reserve could help avoid recession. A third round of QE appears closer than ever, if you read the tea leaves from the FOMC.Three key statements in the minutes released this week may indicate most voting members are ready to intervene in the economy sooner versus later.  Faber, however, doesn't think it will move the needle…..

Read it and weep at http://www.istockanalyst.com/finance/story/6011440/dr-doom-s-gloomiest-message-yet-for-the-u-s-economy