Economic irony

The Boston Herald offers this very alarmist report about the predictions of Stephen Roach, the chief economist at investment banking giant Morgan Stanley:

America has no better than a 10 percent chance of avoiding economic “armageddon.”
Roach sees a 30 percent chance of a slump soon and a 60 percent chance that “we’ll muddle through for a while and delay the eventual armageddon.” The chance we’ll get through OK: one in 10. Maybe.

Read the article and make up your own mind. Meanwhile, I couldn’t help notice the banner ad directly above the story’s gloomy "Economic Armageddon" headline that reads: "Want to Work in the USA?" Ah, well, gee, let me think about that…