Americans Turn Negative on Economy, Expect Recession ..

[Greg E]

Oct. 25 (Bloomberg) -- Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey.

Full article at http://www.bloomberg.com/apps/news?pid=20601103&sid=a2TWmuh3vHHI

I typically take poll results with a grain of salt since they rarely cite the methodology or margin for error - but this one reflects what I feel strongly we are facing. Recession is coming, it is inevitable, will be painful but frankly is needed to correct the imbalances and aberrations created by Greenspan et al.

Comments?