Terrible (and under-reported) findings of the CCC (re Mallard and WA police), prison riots and even perhaps the fear of flying Qantas lately, fade into the background when our market and dollar are dipping into the plunge pool, Iceland (which may possibly be sued the by UK) is drowning alongside other uncertain doggy-paddling nations, and economists are as confused as the actual workings of the financial markets.
*Ohmmmm* At least I don't live in the US... *Ohmmmm* ...with a mortgage, potential job(s) loss and no real health care... *Ohmmmm* ...with a current national public debt of $10,245,247,740,307.58
Today I read (on a US site)-
The U.S. Government now borrows nearly $10 million every minute. This is precisely why our national debt crossed the $10 trillion threshold for the first time. The famous “National Debt Clock” in Times Square has run out of digits forcing the operator, the Durst Organization, to remove the dollar sign and replace it with the number “1.” The Durst Organization is now refurbishing the clock to allow up to one quadrillion dollars...
It may, however, be of some benefit that few in the US would even know what a quadrillion is.
(It's a thousand trillion. Comforting to know a debt of 100 times the current one is being prepared for...)