Public Policy Polling survey: Ron Paul must be feeling really good this morning, since Nate Silver‘s forecast is that he a 44% chance of winning the Iowa caucus since Newt Gingrich is literally imploding before our eyes. Mitt Romney has a 32% chance of winning, while Gingrich’s chances have sunk to just 15%.

Polling Forecasts Show Ron Paul Most Likely to Win Iowa Caucus as Newt Gingrich Implodes (Public Policy Polling)