Slideshow: Apocalypse How? Dire ’12 Forecasts

By Ben Steverman - 2012-01-14T03:12:30Z

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John Hussman

Encouraging data about the U.S. economy in December and early January failed to impress John Hussman, president of Hussman Econometrics Advisors. He insisted in a Jan. 9 commentary that the full set of economic evidence still implies "a nearly immediate global economic downturn." The "marginal" improvement in data does bring the probability of recession to "less than 100 percent," he said, "but it remains the most probable outcome at present."

(Left, Protesters chase away a riot police officer after clashes in Athens.)

Photograph by Angelos Giotopoulos/Falcon/Redux