The old saw was when the U.S. catches a cold, the rest of the world get pneumonia.
The U.S. definitely has a bad cold.
The Peak Oil oil peak prices have suddenly dropped by over $50 per barrel.
The stock market dropped by over 500 points yesterday.
The Federal Reserve has no bullets left it its gun.Unemployment is rising, housing is dead, and financial institutions are in trouble all over.
And the government? It is focused on party politics and more over-regulation and more bailouts.
At least it's football season and a lot of teams in the NFL get to play the Detroit Lions... that's some consolation if you are not living in Michigan.
..