When T. Boone Pickens talks... most economists listen.  And what he is saying about the economy today is a bit sobering.

The legendary oilman says industry is slowing down... oil use is slowing down... and now, he says, the economy is slowing down.

And Europe and Japan, he says, aren't much better.  Pickens thinks we're in the early stages of a recession that will last between 12 and 18-months.