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[Stock Lobster]

I know. This is far worse than 2008. Back then it was our big banks which were insolvent, and they had to be rescued by the governments. Now it's our governments...who will bail them out? Furthermore, unlike 2008, Korea is on the verge of war...Iran not far behind. Europe's core is collapsing, and the China story is wearing thin.

Canada's in decent shape, and I loved Dudley do Right as a kid, but I don't think the Canadians have what it takes to rescue the world economy...

The euro value is squeezed by the central bank's holding of euro assets, and as the euro plunges, it's taking much with it. Good for the european exporters, but not like this...at the expense of the financial system and the balance sheet of major governments.